SECURITY AGREEMENTSecurity Agreement • August 8th, 2014 • Novatel Wireless Inc • Communications equipment, nec • California
THIS SECURITY AGREEMENT (as amended, modified or otherwise supplemented from time to time, this “Security Agreement”), dated as of July 3, 2014, is executed by Novatel Wireless, Inc. (“NWI” or the “Company”) (together with its successors and assigns), in favor of the Escrow Agent (defined below) for the benefit of the Class (as such term is defined in the Stipulation of Settlement (the “Stipulation”) in In re Novatel Wireless, Inc. Securities Litigation, and all references to the term Class in this Security Agreement shall have such meaning). The “Owner” of this Security Agreement shall be the “Escrow Agent” as defined in the Stipulation and will hold this Security Agreement and perform all rights and obligations of the Class provided herein for the beneficial interest of the Class. The Class is the beneficiary of this Security Agreement.
