THE COMMON STOCK PURCHASE OPTION REPRESENTED BY THE AGREEMENT (THE “OPTION”) AND
THE SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF THE OPTION (THE “OPTION
SHARES”) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “ACT”), AND THEREFORE, MAY BE SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR
OTHERWISE DISPOSED OF ONLY IN ACCORDANCE WITH THE ACT, INCLUDING THE
REGISTRATION PROVISIONS THEREIN CONTAINED OR PROVIDED AN EXEMPTION FROM
REGISTRATION IS AVAILABLE UNDER THE ACT, AND SUBJECT TO THE OPINION OF COUNSEL
TO SANSWIRE CORP.

SANSWIRE CORP.
OPTION AGREEMENT

This Option Agreement is made on this 27th day of December, 2010 (the “Effective
Date”) by and between SANSWIRE CORP., a Delaware corporation (the “Optionor” or
“Company”), and GLENN D. ESTRELLA (the “Holder”).

RECITALS

Holder is the President, Chief Executive Officer, Chief Financial Officer and a
member of the Board of Directors of the Company (the “Board”).  In conjunction
with Holder’s position, the Board of Directors of the Company has authorized
granting to Holder options to purchase the number of shares of common stock, par
value $0.00001 per share, of the Company (the “Common Stock”) specified in
paragraph (1) hereof, at the prices and for the terms specified herein, pursuant
to the terms and conditions stated herein and in the 2004 Employee Stock Option
Plan of Globetel Communications Corp. (the “Stock Option Plan”).

AGREEMENT

1.           Option.  Optionor hereby grants to Holder the option (the “Option”)
to purchase from Optionor 7,222,222 shares of Common Stock of the Optionor (the
“Shares”), upon the conditions and terms set forth herein and in the Stock
Option Plan.  The parties understand and agree that the Shares’ transferability
is restricted in accordance with state and federal laws.  The Shares pursuant to
this Option shall be immediately and fully vested on the date hereof.

2.           Exercise Price.  The per share exercise price payable for the
Shares (the “Exercise Price”) shall be $0.09 per share.

3.           Exercise of Option.  This Option may be exercised as to the Shares
at any time by the Holder by tendering a copy of this Option Agreement stating
the name in which the Shares shall be registered and amount of Shares to be
exercised (the “Exercise Notice”), together with the cash amount sufficient to
exercise the Option, to the Optionor, or by Cashless Exercise, if applicable, as
defined below.  The Option may be exercised in whole or in part at any time
during the option period, which begins on the effective date of this Option
Agreement and terminates on the earlier of (i) three (3) years from the
effective date of this Option Agreement or (ii) 90 days after the termination of
Holder’s employment with the Company (the “Option Period”).

 
 

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4.           Cashless Exercise. In the event the Market Price (as defined below)
of the Company Common Stock is above the Exercise Price, and in lieu of the
payment method set forth in Section 3, above, the Holder may elect to exchange
all or some of the Shares for the Common Stock equal to the value of the amount
of the Shares being exchanged on the date of exchange (the “Cashless
Exercise”).  If the Holder elects to take advantage of such Cashless Exercise,
the Holder shall tender to the Company this Option Agreement for the amount
being exchanged, along with written notice of the Holder’s election to exchange
some or all of the Shares, and the Company shall issue to the Holder the number
of shares of Common Stock computed using the following formula:

X  = Y (A-B)
A

Where:  X =    The number of shares of Common Stock to be issued to the Holder.

Y =     The number of shares of Common Stock purchasable under the amount of
this Option Agreement being exchanged (as adjusted to the date of such
calculation).

A =     The Market Price (as defined below) of one share of Common Stock.

B =      The Exercise Price (as adjusted to the date of such calculation).

The Cashless Exercise shall take place on the date specified in the notice or if
the date the notice is received by the Company is later than the date specified
in the notice, on the date the notice is received by the Company.

The Market Price of a share of Common Stock as of a particular date (the
"Determination Date") shall mean:
 
(a)           If the Company's Common Stock is traded on an exchange or is
quoted on the NASDAQ Global Select Market, the NASDAQ Global Market or the
NASDAQ Capital Market, then the closing or last sale price, respectively,
reported for the last business day immediately preceding the Determination Date;
 
(b)           If the Company's Common Stock is not traded on an exchange or on
the NASDAQ Global Select Market, the NASDAQ Global Market or the NASDAQ Capital
Market, but is traded in the over-the-counter market, then the average of the
closing bid and ask prices reported for the last business day immediately
preceding the Determination Date; and
 
(c)           If the Company's Common Stock is not publicly traded, then as
determined in good faith by the Board of Directors of the Company.

 
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As soon as practicable after full or partial exercise of the Shares, the Company
at its expense (including, without limitation, the payment by it of all taxes
and governmental charges applicable to such exercise and issuance of the Shares)
shall cause to be issued in the name of and delivered to the Holder or such
other persons as directed by the Holder, a certificate or certificates for the
total number of Shares being exercised in such denominations as instructed by
the Holder, together with any other securities and property to which the Holder
is entitled upon exercise under the terms of this Option Agreement. The Option
shall be deemed to have been exercised, and the Shares acquired thereby shall be
deemed issued, and the Holder or any person(s) designated by the Holder shall be
deemed to have become holders of record of such Shares for all purposes, as of
the close of business on the date that the Option, the duly executed and
completed Exercise Notice, and full payment of the aggregate Exercise Price has
been presented and surrendered to the Company, notwithstanding that the stock
transfer books of the Company may then be closed. In the event this Option is
only partially exercised, a new Option Agreement evidencing the right to acquire
the number of Shares with respect to which this Option Agreement shall not then
have been exercised, shall be executed, issued and delivered by the Company to
the Holder simultaneously with the delivery of the certificates representing the
Shares so purchased.

5.           Shares Not Registered

The certificates representing the Shares issued upon exercise of the options
shall bear the following legend:

“THE SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR THE LAWS
OF ANY OTHER JURISDICTION AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED,
HYPOTHECATED OR OTHERWISE DISPOSED OF IN ANY MANNER (1) WITHOUT REGISTRATION
UNDER THE ACT AND IN COMPLIANCE WITH THE LAWS OF ANY APPLICABLE JURISDICTION OR
(2) AN OPINION OF COUNSEL (IN FORM AND SUBSTANCE ACCEPTABLE TO THE COMPANY) THAT
REGISTRATION IS NOT REQUIRED.”
 
6.           Representation, Warranties and Covenants of the Holder.  The Holder
represents, warrants to and covenants with Optionor as follows:

 
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a)           The Holder warrants he has evaluated the merits and risks
associated with the investment in the Company as represented by this option,
including review of the Annual and Quarterly Reports and other reports of the
Company that have been filed from time to time with the Securities and Exchange
Commission (“SEC”), and all other documentation that he deems necessary under
the Securities and Exchange Act of 1934, as amended, and the applicable state
securities laws.

b)           The Holder further represents that he understands that neither this
Option nor the Shares underlying the option are registered under the Act.

c)           The Holder is sufficiently experienced in financial matters and
matters pertaining to securities to be capable of evaluating the merits and
risks associated with the acceptance of this Option, and has relied upon such
experience in so determining to accept this option in partial consideration for
the services performed by Holder to the Company. The parties agree that this
Option is not the exclusive consideration granted or to be granted to Holder for
services heretofore provided or to be provided by Holder to the Company.
 
7.           Representation, Warranties and Covenants of the Optionor.  The
Optionor represents, warrants to and covenants with Holder as follows:

a)           This Agreement has been duly executed and delivered by such
Optionor and constitutes the valid and binding obligation of such Optionor and
such Optionor has the requisite power and capacity to execute, deliver and
perform this Agreement and to comply with the terms hereof.

b)           The grant of the Option by such Optionor does not, and the sale of
the Option Shares to Holder by such Optionor, upon payment of the Exercise Price
thereof, will not, conflict with or constitute an event of default under or
breach of any agreement, document or instrument to which such Optionor is a
party.

c)           The Option Shares underlying the Option granted by such Optionor
hereunder are currently owned by such Optionor and, upon exercise of the Options
by Holder and payment of the Exercise Price therefore, Holder will acquire such
Option Shares free and clear of all security interests, claims, liens, security
or other interests, encumbrances and charges of any kind whatsoever, other than
pursuant to the federal and state securities laws.

d)           Until the earlier of (i) the exercise of the Option granted by such
Optionor or (ii) the expiration of the Option Period, such Optionor will not
sell, transfer, assign, pledge, alienate or hypothecate any of the Option
Shares, or permit such Option Shares to become subject to any mortgage pledge,
lien, security or other interest, encumbrance or charge of any kind, other than
pursuant to the federal and state securities laws.

 
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8.           Notices.  All notices, requests, demands and other communications
which are given pursuant to this Agreement shall be in writing and shall be
deemed to have been duly given when delivered by hand, when sent by facsimile
(with receipt confirmed), or when mailed by registered or certified mail
(postage prepaid, return receipt requested), as follows (or to such other
address or telex number as either party hereto may designate to the other party
hereto by like notice):

If to the Holder, to:
Glenn D. Estrella
1608 Sheridan Drive
Wall Township, NJ 07753

If to the Optionor, to:
SANSWIRE CORP.
State Road 405, Building M6-306A, Room 1400
Kennedy Space Center, FL 32815

Mail Address:
Mail Code: SWC
Kennedy Space Center, FL 32899

Attention: General Counsel

9.           Successors.  All the covenants and provisions of this Agreement by
or for the benefit of the Optionor and Holder inure to the benefit of their
respective successors and assigns hereunder.

10.           Entire Agreement.  This Agreement constitutes the complete
agreement between the parties and terminates and supersedes all prior and
contemporaneous oral and written agreements. This Agreement may not be altered,
amended or modified except by a writing duly executed by the parties hereto.

11.           Severability.  In the event that any term or condition in this
Agreement shall for any reason be held by a court of competent jurisdiction to
be invalid, illegal or unenforceable in any respect, such invalidity, illegality
or unenforceability shall not affect any other term or condition of this
Agreement, but this Agreement shall be construed as if such invalid or illegal
or unenforceable term or condition had never been contained herein.

12.           Non-Waiver. No waiver, forbearance or failure by any party of its
right to enforce any provision of this Agreement shall constitute a waiver or
estoppel of such party’s right to enforce such provision in the future or such
party’s right to enforce any other provision of this Agreement.

 
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13.           Binding Effect; No Third Party Beneficiaries.  Each term and
provision of this Agreement shall be binding upon and enforceable against and
inure to the benefit of the parties hereto and their respective successors or
assigns, nothing in this Agreement, express or implied, being intended to confer
upon any other person any rights or remedies hereunder.

14.           Counterparts.  This Agreement may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and such counterparts shall together constitute but one and the
same instrument.
 
 
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the day and year first above written.

HOLDER:
       
By:
     
Name:
Glenn D. Estrella
       
Date:
December 27, 2010
   
OPTIONOR:
   
SANSWIRE CORP.,
A DELAWARE CORPORATION
     
By:
     
Name:
 Michael K. Clark
 
Title:
Chairman of the Board
     
Date:
December 27, 2010

 
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