Document:

Registration Rights Agreement

 Exhibit 10.2 
 REGISTRATION RIGHTS AGREEMENT 
 THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is entered into as of March 31, 2011, by and among Elandia International, Inc. (the “Company”) and Amper, S.A. (the “Investor”). 

WHEREAS, the Investor will beneficially own shares of the Company’s common stock, $0.00001 par value per share (the “Common
Stock”) representing 85% of all of the issued and outstanding shares of Common Stock of the Company (the “Shares”) after giving effect to the transactions contemplated by that certain Contribution Agreement between the
Company and Investor dated as of July 29, 2010 (the “Contribution Agreement”), all of which will be acquired pursuant to the Contribution Agreement, and which will be held of record by the Investor; and 

WHEREAS, as an inducement to enter into the Contribution Agreement and as a condition to the Investor’s consummation of the
Contribution Agreement, the Company has agreed to provide certain registration rights to the Investor as set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements of the parties hereto, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

1.1. Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 

“Adverse Disclosure” means public disclosure of material non-public information, which disclosure, in the good faith
judgment of the chief executive officer or principal financial officer of the Company after consultation with counsel to the Company, (i) would be required to be made in any Registration Statement or prospectus in order for the applicable
Registration Statement or prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein (in the case of any prospectus and any preliminary prospectus, in light of the
circumstances under which they were made) not misleading, (ii) would not be required to be made at such time if the Registration Statement were not being filed and (iii) the Company has a bona fide business purpose for not publicly making
it. 
 “Agreement” has the meaning set forth in the preamble hereto. 

“business day” means any day, except a Saturday, Sunday or legal holiday on which the banking institutions in the City
of Miami are authorized or obligated by law or executive order to close. 
 “Commission” means the Securities
and Exchange Commission. 
 “Common Stock” has the meaning set forth in the recitals. 

“Company” has the meaning set forth in the preamble and shall include the Company’s successors by merger,
acquisition, reorganization or otherwise. 
 “Contribution Agreement” has the meaning set forth in the
recitals. 

 “Demand Period” has the meaning set forth in Section 3.1. 

“Demand Registration” has the meaning set forth in Section 3.1. 

“Demand Registration Request” has the meaning set forth in Section 3.2(a) hereof. 

“Demand Registration Statement” has the meaning set forth in Section 3.2(e) hereof 

“Demanding Holder” or “Demanding Holders” has the meaning set forth in Section 3.2(d). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
promulgated thereunder, all as the same shall be in effect from time to time. 
 “Form S–3 Registration
Statement” has the meaning set forth in Section 3.2(b). 
 “holder” or “holders”
means any holder or holders of Registrable Securities who is a party hereto or who otherwise agrees in writing to be bound by the provisions of this Agreement pursuant to Section 4.3. 

“Initiating Holder” or “Initiating Holders” has the meaning set forth in Section 3.1 hereof.

 “Interim Demand Period” has the meaning set forth in Section 3.2(b) hereof. 

“Investor” has the meaning set forth in the preamble hereto. 

“Loss” has the meaning set forth in Section 3.8(a). 

“Maximum Number of Securities” has the meaning set forth in Section 3.2(k). 

“Person” shall be construed as broadly as possible and shall include an individual, corporation, association,
partnership (including a limited liability partnership or a limited liability limited partnership), limited liability company, estate, trust, joint venture, unincorporated organization or a government or any department, agency or political
subdivision thereof. 
 “Piggyback Registration” has the meaning set forth in Section 3.3(a). 

“Piggyback Registration Statement” has the meaning set forth in Section 3.3(a). 

“Pro Rata” has the meaning set forth in Section 3.2(k). 

“Other Holders” shall have the meaning set forth in Section 3.2(d) hereof. 

“Registrable Securities” means (i) the Shares and (ii) any securities that may be issued or distributed or be
issuable in respect of the Shares by way of conversion, dividend, stock split or other distribution, merger, consolidation, exchange, recapitalization or reclassification or similar transaction; provided, however, that any of the
foregoing securities shall cease to be Registrable Securities to the extent that (i) a Registration Statement with respect to their sale or other transfer shall have been declared effective under the Securities Act, (ii) they shall have
been sold or otherwise transferred pursuant to Rule 144 under the Securities Act (or any successor or similar rule or regulation then in force), new certificates for them not bearing a legend restricting transfer under the Securities Act shall have
been delivered by the Company, and they may be publicly resold without volume or method of sale restrictions without 

  
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registration under the Securities Act or (iii) they shall have ceased to be outstanding. A “percentage” (or a “majority”) of the Registrable Securities (or, where
applicable, of any other securities) shall be determined based on the total number of such securities outstanding at the relevant time. 
 “registration” means a registration of the Company’s securities for sale to the public under a Registration Statement. 

“Registration Statement” means any registration statement (other than a registration statement on Form S-4 or Form S-8,
or any successor form) of the Company for a public offering of the Company’s securities filed with, or to be filed with, the Commission under the rules and regulations promulgated under the Securities Act, including the prospectus, amendments
and supplements to such registration statement, including post-effective amendments, and all exhibits and all materials incorporated by reference in such registration statement. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder, all as the same shall be in effect from time to time. 
 “Shares” has the meaning set
forth in the recitals. 
 “Supplemental Demand Request” has the meaning set forth in Section 3.2(d).

 “Underwritten Offering” means a registration in which securities of the Company are sold to an underwriter
or underwriters on a firm commitment basis for reoffering to the public. 
 ARTICLE II 

REGISTRABLE SECURITIES 
 2.1. Registrable Securities. The securities entitled to the benefits of this Agreement are the Registrable Securities. 
 2.2. Transfer of Rights. Subject to the restrictions on transferability as set forth in the legends affixed to certificates representing the Registrable Securities and the requirements set forth in
this Section 2.2, the registration rights of any holder of Registrable Securities under this Agreement may be transferred to a subsequent holder of the Registrable Securities. As a condition to the transfer of the registration rights provided
under this Agreement to a subsequent holder thereof, (a) the Company shall be given written notice from the then-current holder and transferor of the Registrable Securities stating the name and address of the transferee and identifying the
securities with respect to which the rights hereunder are being transferred and (b) the transferee shall agree in writing, upon request of the Company, to be bound by the provisions of this Agreement, and (c) the transferee shall acquire
at least 10% of the then-outstanding Registrable Securities. 
 ARTICLE III 

REGISTRATION RIGHTS 
 3.1. Demand Registration. Commencing on the date hereof and ending with the termination of this Agreement pursuant to Section 4.1 hereof (“Demand Period”), subject to the
terms and conditions of this Agreement, the holders of not less than a majority of the Registrable Securities may deliver a written request to the Company for registration of all or part of such Registrable Securities held by those holders. Any such
requested registration shall be referred to as a “Demand Registration.” Such holders of Registrable Securities making such a demand are sometimes referred to herein as “Initiating Holders” or individually an
“Initiating Holder”. 

  
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 3.2. Demand Procedure. 

(a) Demand by Initiating Holders. Subject to Section 3.2(b) hereof, during the Demand Period, the Initiating Holders may
deliver to the Company a written request (a “Demand Registration Request”) that the Company register any or all of the Registrable Securities of such Initiating Holder(s). 

(b) Demand Registration Requirements. Holders of Registrable Securities will be entitled: (i) only to six (6) Demand
Registrations, pursuant to which the Company will be required to file a Registration Statement with the Commission on any form other than a Form S-3 (“Form S-3 Registration Statement”), and (ii) an unlimited number of
Form S-3 Registration Statements. Further, holders of Registrable Securities may make up to three (3) Demand Registration Request in any twelve-month period during the Demand Period (the “Interim Demand Period”). The Company
shall only be required to file one Registration Statement (as distinguished from supplements or pre-effective or post-effective amendments thereto) in response to each Demand Registration Request. 

(c) Demand Registration Request. A Demand Registration Request shall (i) set forth the number of Registrable Securities
intended to be sold pursuant to the Demand Registration Request, (ii) identify the Initiating Holders making the Demand Registration Request and the nature and amount of their holdings, (iii) specify the method of distribution, disclosing
whether all or any portion of a distribution pursuant to such registration will be sought by means of an Underwritten Offering, and (iv) identify any underwriter or underwriters proposed for the underwritten portion, if any, of such
registration. 
 (d) Supplemental Demand Request. Within five (5) business days following receipt of a Demand
Registration Request in accordance with Section 3.2(c) hereof, the Company shall deliver written notice of such request to all other holders of Registrable Securities. Subject to Sections 3.2(i) and 3.2(k), if any holder of Registrable
Securities who is not an Initiating Holder desires to sell any Registrable Securities owned by such holder, such holder may elect to have all or a portion of its Registrable Securities included in the Demand Registration Statement by so notifying
the Company in writing (a “Supplemental Demand Request”). The Supplemental Demand Request (i) must be received by the Company within 10 business days of the Company’s having sent the applicable notice to such holder or
holders (each such holder including Registrable Securities in such Demand Registration, including the Initiating Holders, a “Demanding Holder” or collectively, the “Demanding Holders”), (ii) shall specify the
aggregate amount of Registrable Securities to be registered by such holders, and (iii) shall specify the intended method(s) of distribution. The right of any Demanding Holder to include all or any portion of its Registrable Securities in a
Demand Registration Statement shall be conditioned upon the Company’s having received a timely written request for such inclusion by way of a Demand Registration Request or Supplemental Demand Registration Request satisfying the requirements
set forth in this Section 3.2 (which right shall be further conditioned to the extent provided in this Agreement). The Company may include in such Demand Registration Statement additional securities to be registered thereunder, including
securities to be sold for the Company’s own account or for the account of Persons who are not holders of Registrable Securities (“Other Holders”). 
 (e) Demand Registration Statement. If during any Interim Demand Period the Company receives a Demand Registration Request from an Initiating Holder satisfying the requirements of Sections 3.1 and
3.2(b) of this Agreement, the Company, subject to the limitations of Sections 3.2(f) and 3.4 hereof, shall prepare and file within twenty (20) business days following receipt of such Demand Registration Request a Registration Statement with the
Commission on the appropriate form to register for sale all of the Registrable Securities that the Demanding Holders requested to be registered pursuant to the Demand Registration Request or any Supplemental Demand Request timely received by the
Company 

  
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in accordance with Section 3.2(d) (a “Demand Registration Statement”). The Company shall use its reasonable best efforts to cause such Registration Statement to be declared
effective under the Securities Act. 
 (f) Registrations on Form S-3. If at any time the Company is eligible to use a
Form S-3 Registration Statement to register the Registrable Securities, upon the request of the Initiating Holders, the Company shall use its reasonable best efforts to use a Form S-3 Registration Statement for any Demand Registration Statement
prepared and filed in connection with a Demand Registration Request made hereunder. 
 (g) Effective Registration. The
Company shall be deemed to have effected a Demand Registration if the applicable Registration Statement is declared effective by the Commission and remains effective for not less than 180 days from the date of effectiveness of such Registration
Statement (or such shorter period as will terminate when all Registrable Securities covered by such Registration Statement have been sold or withdrawn) and the Company has complied with all of its obligations under this Agreement with respect
thereto; provided, however, that if, after such Registration Statement has been declared effective, the offering of Registrable Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of the
Commission or any other governmental agency or court, the Registration Statement with respect to such Demand Registration will be deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed,
rescinded or otherwise terminated, and (ii) holders of a majority of the Registrable Securities thereafter elect to continue the offering; provided, further, that the Company shall not be obligated to file a second Registration
Statement until a Registration Statement that has been filed is counted as a Demand Registration or is terminated. 
 (h)
Demand Withdrawal. A holder may withdraw its Registrable Securities from a Demand Registration at any time. If all holders withdraw, the Company shall cease all efforts to secure registration and such registration shall not be deemed a Demand
Registration for purposes of this Section 3.2. In the case where the Company has received a Demand Registration Request and, in good faith, has commenced with the preparation of a Demand Registration Statement as required by Section 3.2(e)
hereof, the Demanding Holders shall be responsible for, and shall reimburse the Company with respect to, all out-of-pocket expenses incurred by the Company in connection therewith if all of such holders should subsequently withdraw their Registrable
Securities from a Demand Registration Statement. 
 (i) Suspension of Registration. If the filing, initial effectiveness
or continued use of a Registration Statement in respect of a Demand Registration at any time would require the Company to make an Adverse Disclosure or would require the inclusion in such Registration Statement of financial statements that are
unavailable to the Company for reasons beyond the Company’s control, the Company may, upon giving prompt written notice of such action to the holders, delay the filing or initial effectiveness of, or suspend use of, such Registration Statement
for the shortest possible period of time determined in good faith by the Company to be necessary for such purpose. In the event the Company exercises its rights under the preceding sentence, the holders agree to suspend, immediately upon their
receipt of the notice referred to above, their use of the prospectus relating to the Demand Registration in connection with any sale or offer to sell Registrable Securities and agree not to disclose to any other Person the fact that the Company has
exercised such rights or any related facts. The Company shall immediately notify the holders of the expiration of any period during which it exercised its rights under this Section 3.2(i). 

(j) Underwritten Offering. If the holders of not less than a majority of Registrable Securities that are included in any offering
pursuant to a Demand Registration so elect, the offering of all of the Registrable Securities shall be in the form of an Underwritten Offering and the right of any holder 

  
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to include Registrable Securities in the Demand Registration shall be conditioned upon such holder’s participation in the Underwritten Offering. The Company shall have the right to select
the managing underwriter or underwriters for the offering. All holders proposing to distribute their Registrable Securities through such an underwriting shall enter into an underwriting agreement in customary form with the underwriter(s) selected
for such underwriting. 
 (k) Reduction of Offering. Notwithstanding any other provision of this Section 3.2, if the
managing underwriter or underwriters of a proposed Underwritten Offering of Registrable Securities included in a Demand Registration inform the holders of such Registrable Securities or the Company in writing that, in its or their opinion, the
number of securities requested to be included in such Demand Registration, including securities of the Company for its own account or for the account of Other Holders as to which registration has been requested, exceeds the maximum dollar amount or
maximum number of securities, as applicable, that can be sold in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered (such
maximum dollar amount or maximum number of securities, as applicable, the “Maximum Number of Securities”), then the Company shall include in such registration: 

(i) first, Registrable Securities as to which Demand Registration has been requested by the Demanding Holders, in an amount up to but
not exceeding the Maximum Number of Securities (allocated pro rata in accordance with the number of shares or other securities that each such Person has requested be included in such registration, regardless of the number of Registrable
Securities held by each such Person (such proportion is referred to herein as “Pro Rata”)); 
 (ii) second, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Securities; and 

(iii) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii),
securities that Other Holders desire to sell which the Company has agreed to register for such Other Holders and that can be sold without exceeding the Maximum Number of Securities. 

3.3. Piggyback Registration. 
 (a) Piggyback Rights. 
 (i) If at any time after the date hereof, the
Company proposes to file a Registration Statement with respect to any offering of its securities for its own account, for the account of any Other Holders, or by both the Company and by Other Holders, other than (A) a registration of securities
relating solely to an offering and sale to employees or directors of the Company pursuant to any employee stock plan or other employee benefit plan arrangement, (B) a Registration Statement on Form S-4 or S-8 or any comparable successor form or
form substituting therefor, (C) in connection with a Demand Registration, or (D) any Registration Statement filed in connection with any exchange offer or offering of securities solely to the Company’s existing shareholders (a
“Piggyback Registration Statement”) then, as soon as practicable (but in no event less than fifteen (15) business days prior to the proposed date of filing such Registration Statement), the Company shall give written notice of
such proposed filing to all holders of Registrable Securities, which notice shall describe the amount of securities to be included in such offering, the intended method(s) of distribution and the name of the proposed managing underwriter or
underwriters, if any, of the offering, and such notice shall offer the holders of such Registrable Securities the opportunity to register such number of Registrable Securities as each such holder may request in writing (a “Piggyback
Registration”). Subject to Section 3.3(b), the 

  
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Company shall include in such Piggyback Registration Statement and the underwriting, if any, involved therein, all Registrable Securities requested to be included therein within ten
(10) business days after the receipt by such holder of any such notice (five (5) days if the Company gives telephonic notice to all registered holders of Registrable Securities, with written confirmation to follow promptly thereafter), on
the same terms and conditions as any similar securities of the Company. If at any time after giving written notice of its intention to register any securities and prior to the effective date of the Registration Statement filed in connection with
such registration, the Company shall determine for any reason not to register or to delay registration of such securities, the Company may, at its election, give written notice of such determination to each holder of Registrable Securities and,
(x) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration, and (y) in the case of a determination to delay registering, shall be
permitted to delay registering any Registrable Securities for the same period as the delay in registering such other securities. 
 (ii) If the offering pursuant to a Piggyback Registration is to be an Underwritten Offering, then each holder making a request for its Registrable Securities to be included therein must, and the Company
shall use its reasonable best efforts to make such arrangements with the underwriters so that each such holder may participate in such Underwritten Offering on the same terms and conditions as the Company and the Other Holders selling securities in
such Underwritten Offering and such holders shall enter into the underwriting agreement in customary form with the managing underwriter, if any, selected by the Company. If the offering pursuant to such registration is to be on any other basis, then
each holder making a request for a Piggyback Registration pursuant to this Section 3.3(a) must participate in such offering on such basis. 
 (iii) Each holder of Registrable Securities shall be permitted to withdraw all or part of such holder’s Registrable Securities from a Piggyback Registration by giving written notice to the Company
prior to the effectiveness of the Registration Statement. 
 (b) Reduction of Piggyback Registration. If the managing
underwriter or underwriters of any proposed Underwritten Offering of securities included in a Piggyback Registration (or in the case of a Piggyback Registration not being underwritten, the Company) informs the holders of Registrable Securities
sought to be included in such registration in writing that, in its or their opinion, the total amount of securities which such holders and any other Persons intend to include in such offering exceeds the number which can be sold in such offering
without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered or the Company’s common stock, then the securities to be included in such
registration shall be allocated as follows: 
 (i) if the registration is undertaken for the Company’s account:
(x) first, the securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Securities; (y) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause
(x), Registrable Securities, as to which registration has been requested pursuant to the applicable written contractual piggyback registration rights of the holders of such securities, Pro Rata, that can be sold without exceeding the Maximum Number
of Securities; and (z) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (x) and (y), securities for the account of Other Holders that can be sold without exceeding the Maximum
Number of Securities; or 
 (ii) if the registration is a demand registration undertaken on behalf of Other Holders,
(w) first, securities for the account of such Other Holders for which such registration has been undertaken that can be sold without exceeding the Maximum Number of Securities; (x) second, to the extent that the Maximum Number of
Securities has not been reached under the foregoing clause (w), 

  
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securities that the Company desires to sell and that can be sold without exceeding the Maximum Number of Securities; (y) third, to the extent that the Maximum Number of Securities has not
been reached under the foregoing clauses (w) and (x), Registrable Securities requested to be included in the registration, Pro Rata, that can be sold without exceeding the Maximum Number of Securities; and (z) fourth, to the extent that
the Maximum Number of Securities have not been reached under the foregoing clauses (w), (x) and (y), securities for the account of Other Holders not included in clause (w) above that can be sold without exceeding the Maximum Number of
Securities. 
 (c) No Demand Registration. No registration of Registrable Securities under this Section 3.3 shall be
deemed to be a Demand Registration. 
 3.4. Registration Procedures. 

(a) Whenever the holders of Registrable Securities have requested that any Registrable Securities be registered for sale pursuant to this
Agreement, whether pursuant to Section 3.2 or Section 3.3 hereof, the Company will, subject to the limitations set forth herein, use its reasonable best efforts to effect any such registration so as to permit the sale of the applicable
Registrable Securities in accordance with the intended method or methods of distribution thereof as expeditiously as reasonably practicable, and in connection therewith the Company will: 

(i) prepare and file with the Commission, a Registration Statement or Registration Statements relating to the applicable registration on
any appropriate form (subject to Section 3.2(f) hereof) under the Securities Act, which form shall be available for the sale of the Registrable Securities in accordance with the intended method or methods of distribution thereof; provided,
however, that before filing a Registration Statement or prospectus, or any amendment or supplement thereto, the Company will furnish without charge to the holders whose Registrable Securities are included in such Registration Statement, and the
underwriters, if any, copies of all such documents proposed to be filed with the Commission, which documents will be subject to the reasonable review of such holders and underwriters, and the Company will not file any Registration Statement, or
amendment or supplement thereto to which the holders of a majority of the Registrable Securities covered by such Registration Statement, or the underwriters, if any, shall reasonably object. 

(ii) (A) prepare and file with the Commission such amendments or supplements to the applicable Registration Statement or prospectus as
may be (a) reasonably requested by any participating holder (to the extent such request relates to information relating to such holder), (b) reasonably necessary to keep such registration effective for the period of time required by this
Agreement, or (c) reasonably requested by the holders of a majority of the participating Registrable Securities, (B) cause the prospectus to be supplemented by any required prospectus supplement, and as supplemented to be filed pursuant to
Rule 424 under the Securities Act, and (C) comply with the provisions of the Securities Act with respect to the disposition of securities covered by such Registration Statement during the applicable period in accordance with the intended method
or methods of distribution by the sellers thereof set forth in the Registration Statement or supplement to the prospectus. 

(iii) notify the selling holders of Registrable Securities and the managing underwriter or underwriters, if any, and (if requested)
confirm such advice in writing, as soon as reasonably practicable after notice thereof is received by the Company (A) when the applicable Registration Statement or any amendment thereto has been filed or becomes effective and when the
applicable prospectus or any amendment or supplement thereto has been filed, (B) of any written comments by the Commission or any request by the Commission or any other federal or state governmental authority for amendments or supplements to
such Registration Statement or prospectus or for additional information, (C) of the issuance by the Commission or any other governmental agency or 

  
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court of any stop order suspending the effectiveness of such Registration Statement or any order preventing or suspending the use of any preliminary or final prospectus or the initiation or
threat of any proceedings for such purposes and (D) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for offering or sale in any jurisdiction or the initiation
or threat of any proceeding for such purpose. 
 (iv) promptly notify each selling holder of Registrable Securities and the
managing underwriter or underwriters, if any, when the Company becomes aware of the happening of any event that makes the applicable Registration Statement or prospectus (as then in effect), or any document incorporated therein by reference, contain
any untrue statement of a material fact or omits to state a material fact necessary to make the statements therein (in the case of the prospectus and any preliminary prospectus, in light of the circumstances under which they were made) not
misleading or, if for any other reason it shall be necessary to amend or supplement such Registration Statement or prospectus in order to comply with the Securities Act and, in either case as promptly as reasonably practicable thereafter, prepare
and file with the Commission an amendment or supplement to such Registration Statement or prospectus which will correct such statement or omission or effect such compliance. 
 (v) make every reasonable effort to prevent or obtain at the earliest possible moment the withdrawal of any stop order suspending the effectiveness of the Registration Statement or other order suspending
the use of any preliminary or final prospectus. 
 (vi) if requested by the managing underwriter or a Demanding Holder of the
Registrable Securities that are being sold in an Underwritten Offering, promptly incorporate in a prospectus supplement or post-effective amendment to the applicable Registration Statement such information as the managing underwriter or
underwriters, if any, or the holders of a majority of the Registrable Securities being sold should reasonably agree should be included therein relating to the plan of distribution with respect to such Registrable Securities; and make all required
filings of such prospectus supplement or post-effective amendment as soon as reasonably practicable after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment. 

(vii) furnish to each selling holder of Registrable Securities which are covered by a Registration Statement pursuant to this Agreement
and each managing underwriter, if any, without charge, as many conformed copies as such holder or managing underwriter may reasonably request of the applicable Registration Statement. 

(viii) deliver to each selling holder of Registrable Securities which are covered by a Registration Statement pursuant to this Agreement
and each managing underwriter, if any, without charge, as many copies of the applicable prospectus (including each preliminary prospectus) as such holder or managing underwriter may reasonably request (its being understood that the Company consents
to the use of the prospectus by each of the selling holders of Registrable Securities which are covered by a Registration Statement pursuant to this Agreement and the underwriter or underwriters, if any, in connection with the offering and sale of
the Registrable Securities covered by the prospectus) and such other documents as such selling holder or managing underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities by such holder or underwriter.

 (ix) on or prior to the date on which the applicable Registration Statement is declared effective, use its reasonable best
efforts to register or qualify such Registrable Securities for offer and sale under the securities or “blue sky” laws of each state and other jurisdiction of the United States (where an exemption is not available), as any such selling
holder or underwriter, if any, or their respective counsel reasonably requests in writing, and do any and all other acts or things reasonably necessary or advisable to keep such registration or qualification in effect so as to permit the
commencement and 

  
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continuance of sales and dealings in such jurisdictions for as long as may be necessary to complete the distribution of the Registrable Securities covered by the Registration Statement;
provided, however, that the Company will not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action which would subject it to taxation or general service of process
in any such jurisdiction where it is not then so subject. 
 (x) cooperate with the selling holders of Registrable Securities
and the managing underwriter, underwriters or agent, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends. 

(xi) not later than the effective date of the applicable Registration Statement, to provide a CUSIP number for the Registrable
Securities and provide the applicable transfer agent with printed certificates for the Registrable Securities which certificates shall be in a form eligible for deposit with The Depository Trust Company. 

(xii) obtain (if requested) for delivery to the holders of Registrable Securities being registered pursuant to the terms of this
Agreement and to the underwriter or underwriters, if any, an opinion or opinions from counsel for the Company dated the effective date of the Registration Statement or, in the event of an Underwritten Offering, the date of the closing under the
underwriting agreement, in customary form, scope and substance, at a minimum to the effect that the Registration Statement has been declared effective and that no stop order is in effect, which counsel and opinions shall be reasonably satisfactory
to a majority of the holders of Registrable Securities covered by a Registration Statement pursuant to this Agreement and underwriter or underwriters, if any. 
 (xiii) in the case of an Underwritten Offering, obtain for delivery to the Company and the underwriter or underwriters, if any, with copies to the holders of Registrable Securities included in such
registration, such cold comfort letter(s) from the Company’s independent registered public accounting firm in customary form and covering such matters of the type customarily covered by cold comfort letters as the managing underwriter or
underwriters reasonably request. 
 (xiv) use its reasonable best efforts to comply with all applicable rules and regulations
of the Commission and make generally available to its security holders, as soon as reasonably practicable (but not more than 15 months) after the effective date of the applicable Registration Statement, an earnings statement satisfying the
provisions of Section 11(a) of the Securities Act and the rules and regulations promulgated thereunder. 
 (xv) use its
reasonable best efforts to cause all Registrable Securities covered by the applicable Registration Statement to be listed on each securities exchange or inter-dealer quotation system on which similar securities of the Company are then listed or
quoted. 
 (xvi) make available upon reasonable notice at reasonable times and for reasonable periods for inspection by a
representative appointed by the holders of a majority of the Registrable Securities covered by the applicable Registration Statement, by any managing underwriter or underwriters participating in any disposition to be effected pursuant to such
Registration Statement and by any attorney, accountant or other agent retained by such sellers or any such managing underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of
the Company’s officers, directors and employees and the independent public accountants who have certified its financial statements to make themselves available to discuss the business of the Company and to supply all information reasonably
requested by any such seller, underwriter, attorney, accountant or agent in connection with such Registration Statement as shall be reasonably necessary to enable them to exercise their due diligence responsibility (subject to the entry by each
party referred to in this clause (xvi) into customary confidentiality agreements in a form reasonably acceptable to the Company); and 

  
 10 

 (xvii) in the case of an Underwritten Offering, cause senior executive officers of the
Company to participate in customary “road show” presentations that may be reasonably requested by the managing underwriter in any such Underwritten Offering and otherwise to facilitate, cooperate with, and participate in each proposed
offering contemplated herein and customary selling efforts related thereto. 
 (b) The Company may require each selling holder
of Registrable Securities as to which any registration is being effected to furnish to the Company such information regarding the distribution of such securities and such other information relating to such holder and its ownership of the applicable
Registrable Securities as the Company may from time to time reasonably request. Each holder of Registrable Securities agrees to furnish such information to the Company and to cooperate with the Company as necessary to enable the Company to comply
with the provisions of this Agreement. The Company shall have the right to exclude any holder that does not comply with the preceding sentence from the applicable registration. 

3.5. Obligation to Suspend Distribution. 
 (a) Each holder of Registrable Securities agrees, by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any events of the kind described in
Sections 3.4(a)(iii)(C), 3.4(a)(iii)(D) (in any applicable state) or 3.4(a)(iv), such holder will immediately discontinue disposition of its Registrable Securities pursuant to the Registration Statement, in the case of Section 3.4(a)(iv), until
the holder receives copies of the supplemented or amended prospectus contemplated by Section 3.4(a)(iv), or in any case until the holder is advised in writing by the Company that the use of the prospectus may be resumed, and receives copies of
any additional or supplemental filings that are incorporated by reference in the prospectus and, if so directed by the Company, the holder will deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then
in such holder’s possession, of the prospectus covering such Registrable Securities that are current at the time of the receipt of such notice. In the event that the Company shall give any such notice in respect of a Demand Registration, the
period during which the applicable Registration Statement is required to be maintained effective shall be extended by the number of days during the period from and including the date of the giving of such notice to and including the date when each
seller of Registrable Securities covered by such Registration Statement either receives the copies of the supplemented or amended prospectus contemplated by Section 3.4(a)(iv) or is advised in writing by the Company that the use of the
prospectus may be resumed. 
 (b) In the case of a resale registration on a Form S-3 Registration Statement, upon any suspension
by the Company, pursuant to a written insider trading compliance program adopted by the Company’s board of directors, of the ability of all “insiders” covered by such program to transact in the Company’s securities because of the
existence of material non-public information, each holder of Registrable Securities included in any registration shall immediately discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering such
Registrable Securities until the restriction on the ability of “insiders” to transact in the Company’s securities is removed. 
 3.6. Hold-back Agreement and Other Limitations to Registration. Notwithstanding anything to the contrary contained herein, the Company shall be entitled to postpone for a reasonable period of time
the filing of any Registration Statement under Sections 3.2 or 3.3 hereof if (i) any other Registration Statement for an offering of the Company’s securities has been filed with the Commission thirty (30) days prior to, or is
anticipated to be filed within thirty (30) days from, the receipt of a Demand 

  
 11 

 
Registration Request, or (ii) with respect to an offering of the Registrable Securities, an audit (other than the regular audit conducted by the Company at the end of its fiscal year) would
be required to be conducted pursuant to the Securities Act or the rules and regulations promulgated thereunder, the form on which the Registration Statement is to be filed, or otherwise by the SEC, or by the managing underwriter, if any, unless the
holders of Registrable Securities seeking inclusion in such offering agree to pay the cost of such audit, or (iii) the board of directors of the Company or a committee thereof determines, in its reasonable judgment, that such registration would
have a material adverse effect upon the Company, the price of the Registrable Securities or the market for the Registrable Securities; materially interfere with any financing, merger, acquisition, sale, corporate reorganization, or other material
transaction involving the Company or any of its affiliates; require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential; or render the Company unable to comply with the
requirements of the Securities Act or the Exchange Act; provided, however, that the Company shall promptly give the Initiating Holders written notice of such determination containing a general statement of the reasons for such postponement and an
approximation of such delay. The Company may delay the filing of a Registration Statement pursuant to this Section 3.6 only once in any period of twelve consecutive months unless the Company receives the written advice of its outside counsel to
the effect that such delay of filing is reasonably necessary. In the event of a delay of the filing of a Registration Statement under this Section 3.6 pursuant to a Demand Registration, the Initiating Holders shall be entitled to withdraw such
request and, if such request is withdrawn, such Demand Registration shall not count as one of the permitted Demand Registrations hereunder. 
 3.7. Registration Expenses. 
 (a) Expenses Borne by Company. Except
as otherwise provided in Sections 3.2(h) and 3.8(b) hereof, the Company shall pay all of the expenses incident to the Company’s performance of or compliance within this Agreement and any registration under this Agreement, including but not
limited to (i) all registration and filing fees, and any other fees and expenses associated with filings required to be made with the Commission, (ii) all fees and expenses of compliance with state securities or “blue sky” laws
in jurisdictions designated by holders of a majority of the Registrable Securities caused by the Registration Statement or the managing underwriter, if any, (iii) all printing, duplicating, word processing, messenger, telephone, facsimile and
delivery expenses (including expenses of printing certificates for the Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing prospectuses), (iv) all fees and disbursements of counsel for the
Company and of all independent certified public accountants of the Company, (v) Securities Act liability insurance or similar insurance if the Company so desires, (vi) all fees and expenses incurred in connection with the listing of the
Registrable Securities on any securities exchange or the quotation of the Registrable Securities on any inter-dealer quotation system and (vii) all fees and expenses incurred by the Company while participating in any “road show”. In
addition, in all cases the Company shall pay its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any audit and the fees and expenses of
any other Persons retained by the Company, including any special experts. In addition, the Company shall pay all reasonable fees and disbursements of one law firm or other counsel selected by the holders of a majority of the Registrable Securities
being registered. 
 (b) Expenses Borne by Holders. Each holder of Registrable Securities included in such
registration will be responsible for payment of brokerage discounts, commissions and other sales expenses incident to the registration of any Registrable Shares registered hereunder. In addition, holders of the Registrable Securities will be
responsible for the payment of their own legal fees if they retain more than one legal counsel separate from that of the Company. The holders of the Registrable Securities included in such registration shall be responsible for payment of their
out-of-pocket expenses and the out-of-pocket expenses of any agents who manage their account. Holders of Registrable Securities included 

  
 12 

 
in such registration also shall be responsible for payment of any underwriting fees if such holders have requested participation of an underwriting with respect to an offering subject to Demand
Registration or have elected to participate in a Piggyback Registration using their own underwriter. Holders of Registrable Securities included in such registration shall be responsible for payment of any fees and expenses such holder incurs while
participating in any “road show.” Any such expenses which are common to the holders of the Registrable Securities included in the registration shall be divided among such holders pro rata on the basis of the number of shares of
Registrable Securities being registered on behalf of such holder, or as such holders may otherwise agree. 
 3.8.
Indemnification. 
 (a) Indemnification by the Company. In the event of any registration of any Registrable
Securities under the Securities Act, the Company agrees to indemnify and hold harmless, to the full extent permitted by law, each holder of the Registrable Securities hereby whose shares are covered by a Registration Statement pursuant to this
Agreement and their respective officers, directors, employees, advisors and agents and each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) such holders or acts on behalf of
such holder from and against any and all losses, claims, damages, liabilities (or actions or proceedings in respect thereof, whether or not such indemnified party is a party thereto) and expenses (including reasonable costs of investigation and
legal expenses), (each, a “Loss” and collectively “Losses”), arising out of or based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement under which such
Registrable Securities were registered under the Securities Act (including any final, preliminary or summary prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein) or
(ii) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus or preliminary prospectus, in light of the circumstances under which
they were made) not misleading; provided, however, that the Company shall not be liable to any indemnified party in any such case to the extent that (i) any such Loss arises out of or is based upon an untrue statement or alleged
untrue statement or omission or alleged omission made in any such Registration Statement in reliance upon and in conformity with written information furnished to the Company by such holder expressly for use in the preparation thereof; (ii) any
such Loss arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in any final, preliminary or summary prospectus if such untrue statement or alleged untrue statement or omission or
alleged omission is corrected in an amendment or supplement to such prospectus which has been made available to the holders and the relevant holder of Registrable Securities fails to deliver such prospectus as so amended or supplemented, if such
delivery is required under applicable law or the applicable rules of any securities exchange, prior to or concurrently with the sales of the Registrable Securities to the Person asserting such loss, claim, damage, liability or expense; or
(iii) such holder has violated the provisions of Section 3.5 hereof. 
 (b) Indemnification by the Holders. In
connection with any Registration Statement in which a holder of Registrable Securities is participating, to the extent permitted by law, each such holder, severally and not jointly, will indemnify the Company, its directors and officers, and each
Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) the Company against any Losses arising out of or based upon (i) any untrue or alleged untrue statement of a material fact
contained in any Registration Statement under which such Registrable Securities were registered under the Securities Act (including any final, preliminary or summary prospectus contained therein or any amendment thereof or supplement thereto or any
documents incorporated by reference therein) or (ii) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus or preliminary
prospectus, in light of the circumstances under which they were made) not misleading, but only to the extent that such 

  
 13 

 
untrue statement or omission is contained in any information so furnished in writing by such holder expressly for use in connection with such Registration Statement and was not corrected in a
subsequent writing prior to or concurrently with the sale of Registrable Securities to the Person asserting such loss, claim, damage, liability or expense; provided, however, that the indemnity agreement contained in this Section 3.8(b)
shall not apply to amounts paid in settlement of any such Loss if such settlement is effected without the consent of such holder, which consent shall not be unreasonably withheld or delayed; provided, further, that, in no event shall any
indemnity under this Section 3.8(b) exceed the gross proceeds from the offering actually received by such holder. 
 (c)
Conduct of Indemnification Proceedings. Any Person entitled to indemnification hereunder shall (i) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided that any
delay or failure to so notify the indemnifying party shall relieve the indemnifying party of its obligations hereunder only to the extent, if at all, that it is actually and materially prejudiced by reason of such delay or failure) and
(ii) permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided, however, that any Person entitled to indemnification hereunder shall have the right
to select and employ separate counsel and to participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such Person unless (i) the indemnifying party has agreed in writing to pay such fees or
expenses, (ii) the indemnifying party shall have failed to assume the defense of such claim within a reasonable time after receipt of notice of such claim from the Person entitled to indemnification hereunder and employ counsel reasonably
satisfactory to such Person, or (iii) in the reasonable judgment of any such Person (based upon advice of its counsel) a conflict of interest may exist between such Person and the indemnifying party with respect to such claims (in which case,
if the Person notifies the indemnifying party in writing that such Person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of
such Person). If the indemnifying party assumes the defense, the indemnifying party shall not have the right to settle such action without the consent of the indemnified party. No indemnifying party shall consent to entry of any judgment or enter
into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of an unconditional release from all liability in respect to such claim or litigation. If such defense is
not assumed by the indemnifying party, the indemnifying party will not be subject to any liability for any settlement made without its prior written consent, but such consent may not be unreasonably withheld. It is understood that the indemnifying
party or parties shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees, disbursements or other charges of more than one separate firm admitted to practice in such jurisdiction
at any one time unless (x) the employment of more than one counsel has been authorized in writing by the indemnifying party or parties, or (y) a conflict or potential conflict exists or may exist (based upon advice of counsel to an
indemnified party) between such indemnified party and the other indemnified parties, in each of which cases the indemnifying party shall be obligated to pay the reasonable fees and expenses of such additional counsel or counsels. 

(d) Contribution. If for any reason the indemnification provided for in the paragraphs (a) and (b) of this
Section 3.8 is unavailable to an indemnified party or insufficient to hold it harmless as contemplated by paragraphs (a) and (b) of this Section 3.8, then the indemnifying party shall contribute to the amount paid or payable by
the indemnified party as a result of such Loss in such proportion as is appropriate to reflect not only the relative benefits received by the indemnified party and the indemnifying party, but also the relative fault of the indemnifying party on the
one hand and the indemnified party on the other, as well as any other relevant equitable considerations. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or
the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or the indemnified party and the parties’ relative intent, knowledge, access to

  
 14 

 
information and opportunity to correct or prevent such untrue statement or omission. Notwithstanding anything in this Section 3.8(d) to the contrary, no indemnifying party (other than the
Company) shall be required pursuant to this Section 3.8(d) to contribute any amount in excess of the amount by which the gross proceeds received by such indemnifying party from the sale of Registrable Securities in the offering to which the
Losses of the indemnified parties relate exceeds the amount of any damages which such indemnifying party has otherwise been required to pay by reason of such untrue statement or omission. The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 3.8(d) were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in the immediately preceding paragraph.
No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. If indemnification is
available under this Section 3.8, the indemnifying parties shall indemnify each indemnified party to the full extent provided in Sections 3.8(a) and 3.8(b) hereof without regard to the relative fault of said indemnifying parties or indemnified
party. 
 ARTICLE IV 
 MISCELLANEOUS 
 4.1. Term. Except as specifically provided otherwise
herein, the provisions of this Agreement shall terminate upon the earlier to occur of: (a) the Registrable Securities shall cease to be Registrable Securities or (b) all of the Registrable Securities may be transferred, sold, or otherwise
disposed of in accordance with the provisions of Rule 144 promulgated under the Securities Act. The provisions of Section 3.7 shall survive any termination. 
 4.2. Notices. All notices, other communications or documents provided for or permitted to be given hereunder, shall be made in writing and shall be given either personally by hand-delivery, by
facsimile transmission, by mailing the same in a sealed envelope, registered first-class mail, postage prepaid, return receipt requested, or by air courier guaranteeing overnight delivery: 

(a) if to the Company, to: 
 Elandia International, Inc. 
 8200 N.W. 52nd Terrace, Suite 102 

Miami, FL 33166 

Attn: Pete Pizarro, CEO 
 Telecopier: 786-413-1913 
 Elandia International, Inc. 

8200 N.W. 52nd Terrace, Suite 102 
 Miami, FL 33166 
 Attn: Diana Abril, Esq. 

Telecopier: 786-413-1913 
 with a copy to: 
 Carlton Fields 

100 SE 2nd Street, Suite 4200 
 Miami, FL 33131 
 Attn: Seth Joseph, Esq. 

Telecopier: 305-530-0055 

  
 15 

 (b) if to an Investor, to the address set forth below such Investor’s name on the
signature page hereto. 
 Each holder, by written notice given to the Company in accordance with this Section 4.2, may
change the address to which notices, other communications or documents are to be sent to such holder. All notices, other communications or documents shall be deemed to have been duly given: (i) at the time delivered by hand, if personally
delivered; (ii) when receipt is acknowledged by addressee, if by facsimile transmission; (iii) five business days after having been deposited in the mail, postage prepaid, if mailed by first class mail; or (iv) on the first business
day with respect to which a reputable air courier guarantees delivery; provided, however, that notices of a change of address shall be effective only upon receipt. 

4.3. Assignment. This Agreement shall be binding upon and inure to the benefit and be enforceable by the parties hereto, and their
respective successors and assigns, whether so expressed or not. In addition, whether or not any express assignment has been made, the provisions of this Agreement which are for the benefit of holders of Registrable Securities also are for the
benefit of, and enforceable by, any subsequent holder of such Registrable Securities so long as, and to the extent that, such securities continue to be Registrable Securities. 
 4.4. Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be construed in accordance with the internal laws of said
State. 
 4.5. Headings. The section and paragraph headings contained in this Agreement are for reference purposes only
and shall not in any way affect the meaning or interpretation of this Agreement. 
 4.6. Severability. Whenever possible,
each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or portion of any provision in such jurisdiction, and this agreement will be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained therein. 
 4.7. Amendment; Waiver. 
 (a) This Agreement may not be amended or modified
and waivers and consents to departures from the provisions hereof may not be given, except by an instrument or instruments in writing making specific reference to this Agreement and signed by the Company and the holders of a majority of Registrable
Securities then outstanding. Each holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any amendment, modification, waiver or consent authorized by this Section 4.7(a), whether or not such Registrable
Securities shall have been marked accordingly. 
 (b) The waiver by any party hereto of a breach of any provision of this
Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach. Except as otherwise expressly provided herein, no failure on the part of any party to exercise, and no
delay in exercising, any right, power or remedy hereunder, or otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such party
preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 

  
 16 

 4.8. Counterparts. This Agreement may be executed in any number of separate
counterparts and by the parties hereto in separate counterparts each of which when so executed shall be deemed to be an original and all of which together shall constitute one and the same agreement. 

[Signature Page Follows] 

  
 17 

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

			
	ELANDIA INTERNATIONAL, INC.
		
	By:	 	 /s/ Pete R. Pizarro

			
	Name:	 	Pete R. Pizarro

			
	Title:	 	CEO

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

			
	AMPER S.A.
	
	Address:
	  

	  

	  

	
	Fax:
		
	By:	 	 /s/ Jaime Espinosa de los Monteros

		 	Name: Jaime Espinosa de los Monteros
		 	Title: ChairmanAmended and Restated Executive Employment Agreement

 Exhibit 10.3 
 AMENDED AND RESTATED 
 EXECUTIVE EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered March 31,
2011, (the “Effective Date”), between ELANDIA INTERNATIONAL, INC., a Delaware corporation (the “Company”), and PEDRO R. PIZARRO, an individual (the “Executive”). 

RECITALS: 

A. The Company and the Executive entered into that certain Executive Employment Agreement, dated as of February 15, 2008, as amended
April 29, 2008, further amended August 13, 2009 and further amended February 6, 2009 (the “Original Agreement”), whereby the Company agreed to employ the Executive as its President and Chief Executive Officer on the
terms and conditions set forth in the Original Agreement; 
 B. The Company entered into that certain Contribution Agreement
dated July 29, 2010 whereby it agreed to issue 85% of all of the issued and outstanding shares of Common Stock of the Company (after giving effect to such issuance) to Amper, S.A. (the “Transaction”); and 

C. In connection with the Transaction, the Company and the Executive wish to amend the Original Agreement as provided herein. 

NOW, THEREFORE, in consideration of the mutual agreements herein made, the Company and the Executive hereby agree as follows:

 AGREEMENT 
 1. EMPLOYMENT. The Company hereby agrees to employ Executive and Executive hereby accepts such employment in the capacity of Chief Executive Officer. The Executive shall diligently perform all
services as may be assigned to him by the Board of Directors of the Company (the “Board”) and shall exercise such power and authority as may from time to time be delegated to him by the Board. The Company shall use its best efforts
to arrange for the election of the Executive as a member of the Board of the Company and the Executive agrees to serve on the Board of the Company. The Company will consult with the Executive with regard to the selection and nomination of new
directors. The Company may also direct Executive to render services to other entities which are now or may in the future be affiliated with the Company (the “Affiliates”), subject to the limitation that Executive’s overall time
commitment is comparable to similarly situated executives. Executive shall serve the Company and the Affiliates faithfully, diligently and to the best of his ability. Executive agrees during the Term (as hereinafter defined) of this Agreement to
devote all of his full-time business efforts, attention, energy and skill to the performance of his duties under this Agreement and to furthering the interests of the Company and its Affiliates. The Executive shall render such services at the
Company’s offices at 8200 N.W. 52nd Terrace, Suite
102, Miami, FL 33166, or at other suitable location(s) selected by the Company. During the Term, Executive shall not engage in any other employment, occupation or consulting activity for any direct or indirect

 
remuneration without the prior written consent of the Board; provided, however, that Executive shall be entitled to serve as a partner in Sprimont Capital and to serve on one outside
“for-profit” board of directors (or, if the Executive is no longer a partner in Sprimont Capital, to serve on up to two outside “for-profit” boards of directors), and on the boards of two civic/community organizations or
charitable institutions, as long as that service does not conflict with the Executive’s full-time commitment to the Company. 
 2. COMPENSATION/BENEFITS. 
 (a) Salary. The Company shall pay
Executive a base salary (the “Base Salary”) of at least $375,000 per year. This Base Salary shall be paid consistent with the Company’s payroll policies and procedures for all employees. The Base Salary shall be reviewed for
potential increases, at least annually, and the Executive’s Base Salary shall be increased by the Board, as a result of such reviews, to at least reflect increases in the cost of living. 

(b) Performance Bonus. During the Term, and each Renewal Term, Executive shall be eligible to receive an annual bonus
(“Bonus”) of up to 100% of the Executive’s Base Salary, based upon a written bonus plan (the “Senior Management Incentive Compensation Plan”), which shall be drafted at the direction of the Board. Bonus
criteria for the Executive under the Senior Management Incentive Compensation Plan shall be reasonable and consistent with the Company’s annual business plan approved by the Board. The Senior Management Incentive Compensation Plan shall provide
for bonuses to be paid on or before the next payroll to occur after filing of the Company’s Annual Report on Form 10-K for the applicable year, but not later than March 15 of the following year. Bonuses under the Senior Management
Incentive Compensation Plan shall be awarded at the reasonable discretion of the Board consistent with the Company’s annual business plan, approved by the Board. 
 (c) Employee Benefits. Executive shall be entitled to participate in all benefit plans or programs of the Company currently existing or hereafter made available to executives and/or other
employees, subject to the eligibility requirements, restrictions and limitations of any such plans or programs, including, but not limited to, the Company’s group health insurance plan, any Company group dental insurance plan, the
Company’s 401(k) plan and any other Company retirement plan. In addition, the Executive will be reimbursed up to $10,000 annually to fund expenses of a personal $1,000,000 life insurance policy and a personal disability insurance policy. The
Executive shall also be provided, at Company expense, with a laptop computer. In addition, the Company agrees to pay all legal fees and expenses incurred by the Executive in connection with the negotiation of this Agreement and related transactions.

 (d) Vacation and Holidays. Executive shall be entitled to four weeks of vacation each calendar year during the Term
and each Renewal Term, to be taken at such times as the Executive and the Company shall mutually determine; provided, that no vacation time shall interfere with the duties required to be rendered by the Executive hereunder. Any vacation time not
taken by Executive during any calendar year may not be carried forward into any succeeding calendar year and is not cumulative; provided, that Executive shall be entitled to carry forward into the next year up to (10) unused vacation days for
such year. In addition, the Executive shall enjoy paid holidays on the same basis as other employees. 

  
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 (e) Business Expense Reimbursement; Telephone Expenses. Upon the submission of proper
substantiation by Executive, and subject to such rules and guidelines as the Company may from time to time adopt, the Company shall reimburse Executive for all reasonable expenses actually paid or incurred by the Executive during the Term or any
Renewal Term in the course of and pursuant to the business of the Company, including business travel, meal, and customer entertainment expenses, etc. The Executive shall account to the Company in writing for all expenses for which reimbursement is
sought and shall supply to the Company copies of all relevant invoices, receipts or other evidence reasonably requested by the Company. This reimbursement shall cover, among other things, the cost of Executive’s cellular telephone use in
connection with his employment hereunder. 
 (f) Reimbursement of Automobile and Country Club Expenses. The Executive may
incur, and the Company agrees to reimburse, up to $2,000 per month of the Executive’s automobile and country club expenses. 
 (g) Tax Gross-Up. The Company agrees to provide a tax gross-up benefit to the Executive as set forth on Exhibit “A” to this Agreement. 

(h) Reimbursement and In-Kind Benefits. To the extent this Agreement provides for reimbursements of expenses incurred by the
Executive or in-kind benefits the provision of which are not exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the following terms apply with respect to such
reimbursements or benefits: (i) the reimbursement of expenses or provision of in-kind benefits will be made or provided only during the Term or Renewal Term, as applicable, or other period of time specifically provided herein; (ii) the
amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year will not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; (iii) all
reimbursements will be made promptly upon Executive’s request and no later than the last day of the calendar year immediately following the calendar year in which the expense was incurred; and (iv) the right to reimbursement or the in-kind
benefit will not be subject to liquidation or exchange for another benefit. 
 3. ELANDIA EQUITY COMMITMENTS. The Company
has a stock option plan (this plan, as amended from time to time, is referred to hereinafter as the “Stock Option Plan”). Simultaneously with the execution hereof, the Company and the Executive are entering into an Amended and
Restated Incentive Stock Option Agreement with respect to the stock options currently granted to Executive. The Executive will have at least 90 days from the termination date of his employment to exercise his vested stock options. Also, if there is
a Change of Control, as defined below by this Agreement, then all options granted to the Executive shall fully vest on an accelerated basis. The Executive’s stock option rights shall be subject to the terms of the Stock Option Plan, except to
the extent that those terms are inconsistent with this Agreement, the grant agreement, and all rules and regulations of the Securities and Exchange Commission applicable to stock option plans then in effect. In addition, except as set forth in this
Section, the Stock Option Plan, or stock option agreements, no right to any Company stock shall be earned or accrued until such time that vesting occurs, nor does any grant confer any right to continued vesting or continued employment. 

  
 3 

 4. TERM. The Term of employment hereunder will commence on the Effective Date, and
end four years thereafter (the “Term”), unless terminated earlier pursuant to Section 6 of this Agreement. The Term shall automatically renew (“Renewal Term”) for successive one year terms, unless written
notification of non-renewal is provided by either party no less than six months prior to the expiration of the Term or the then current Renewal Term. 
 5. REPRESENTATIONS AND WARRANTIES OF EXECUTIVE. The Executive represents and warrants to the Company as follows: 
 (a) All information furnished by Executive to the Company is to the best of Executive’s knowledge, true and complete (including, without limitation, documentary evidence of Executive’s identity
and eligibility for employment in the United States), and Executive will promptly advise the Company with respect to any change in the information of record. 
 (b) Executive is not subject to any order, decree or decision precluding him from performing his duties as described herein. 
 (c) Executive declares that he has read and understands all the terms of this Agreement; that he has had ample opportunity to review it with his attorney before signing it; that no promise, inducement, or
agreement has been made except as expressly provided in this Agreement; that it contains the entire Agreement between the parties; and that he enters into this Agreement fully, voluntarily, knowingly and without coercion. 

6. DEATH, DISABILITY AND TERMINATION. 
 (a) Death. In the event of the death of the Executive during the Term or a Renewal Term, the Company shall pay promptly, but not later than 30 days following the Executive’s death, all Accrued
Obligations, as that term is defined below in Section 6(d)(i), to the Executive’s designated beneficiary, or, in the absence of such designation, to the estate or other legal representative of the Executive. The Executive’s designated
beneficiary, or, in the absence of such designation, his estate or other legal representative of the Executive, shall also be entitled to payment of any Final Bonus, as that term is defined in Section 6(d)(i), which shall be determined as
provided by Section 2(b) of this Agreement. Any such Final Bonus payment shall be made promptly but not later than as provided by Section 2(b). Other death benefits will be determined in accordance with the terms of the Company’s
benefit programs and plans. 
 (b) Disability. 
 (i) In the event of a termination of the Executive’s employment on account of the Executive’s Disability, as hereinafter defined, the Executive shall be entitled to receive the Executive’s
Base Salary, at the annual rate in effect immediately prior to the termination of the Executive’s employment, for a period of three months from the date on which the Disability has deemed to occur as hereinafter provided below, which amount
will be paid in a lump sum within 30 days following the termination of the Executive’s employment. Any amounts provided for in this Section 6(b) shall be offset by other long-term disability benefits obtained by Executive pursuant to
Section 2(c) hereof. The Executive will also be entitled to payment of all Accrued Obligations, as that term is defined below in Section 6(d)(i), which will be paid promptly (but not later than 30 days) following the date on which the
Executive’s 

  
 4 

 
employment is terminated pursuant to this Section 6(b). The Executive shall also be entitled to payment of any Final Bonus, as that term is defined in Section 6(d)(i), which shall be
determined as provided by Section 2(b) of this Agreement. Any such Final Bonus payment shall be made promptly but not later than as provided by Section 2(b). 
 (ii) “Disability” for purposes of this Agreement, means Executive’s inability to perform his or her duties under this Agreement, with or without a reasonable accommodation, for a
period of any three consecutive months due to illness, accident or any other physical or mental incapacity. Termination due to Disability shall be deemed to have occurred upon the first day of the month following the determination of Disability as
defined in the preceding sentence. 
 (c) Termination by the Company for Cause. 

(i) Nothing herein shall prevent the Company from terminating Executive for Cause as hereinafter defined. In that event, the Executive
will be entitled to payment of all Accrued Obligations, as that term is defined below in Section 6(d)(i), which will be paid promptly (but not later than 30 days) following the date on which the Executive’s employment is terminated, but
the Executive will not be entitled to Severance Pay or any Final Bonus. Any rights and benefits the Executive may have in respect of any other compensation shall be determined in accordance with the terms of such other compensation arrangements or
such plans or programs. 
 (ii) “Cause” shall mean any of the following: (A) commission or participation
by Executive in an injurious act of personal dishonesty, fraud, gross neglect, or intentional misrepresentation against the Company or any Affiliate, in each case that causes material injury to the Company or any Affiliate, or the Executive’s
embezzlement from the Company or any Affiliate; (B) Executive’s conviction of or plea of nolo contendere to a felony; (C) commission or participation by Executive in any other injurious act or omission wantonly, willfully, recklessly
or in a manner which was grossly negligent against the Company, in each case that causes material injury to the Company or its Affiliates; or (D) continued willful violations by Executive of his obligations to the Company (provided that, the
Company shall have delivered to the Executive a notice of termination stating that the Executive committed one of the types of conduct set forth in this Section 6(c)(ii)(D) and specifying the particulars thereof and the Executive shall be given
a 15-day period to cure such conduct). 
 (d) Termination by the Company other than for Cause; Termination by the Company
through Non-Renewal; Termination by the Executive for Good Reason. 
 (i) The foregoing notwithstanding, the Company shall
have the right, at any time, to terminate the Executive’s employment for whatever reason it deems appropriate. In the event such termination is not based on Cause, as provided in Section 6(c) above, or if Executive’s employment is
terminated under Section 6(f) of this Agreement, the Company shall pay the Executive, promptly (but not later than 30 days) following termination of employment, a lump sum equal to one year of Severance Pay. “Severance Pay”
under this Agreement includes all of the following forms of salary and fringe benefit compensation: (A) Base Salary, using the Executive’s average Base Salary during the year prior to his termination in making Severance

  
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Pay calculations; (B) Bonus, using the Executive’s Bonus during the year prior to his termination in making Severance Pay calculations; and (C) fringe benefit compensation,
calculated by the Company exercising its discretion reasonably, equivalent to the cost to the Company of providing the Executive, during the period by which the amount of severance is being measured (i.e., one year or some shorter period specified
in the relevant provision), with (1) his group medical and dental insurance (less any deductions for employee contributions), (2) his personal life insurance and disability insurance (but not more than the $10,000 maximum annual
allowance); (3) his automobile/country club allowance (but not more than the $2,000 maximum monthly allowance), and (4) Company contributions to any 401(k) plan or other Company retirement plan on the Executive’s behalf, using the
Company’s contributions during the year prior to his termination in making this calculation (Severance Pay for any severance period shall be calculated using this methodology; in addition, all Severance Pay due and owing under this Agreement
shall be subject to payment of payroll taxes required to be withheld by law). The following forms of compensation shall also be paid by the Company to the Executive: (i) all Base Salary due through the date of termination of employment;
(ii) such additional salary as may be due to compensate the Executive for accrued but unused vacation days as of the date of termination of employment, as provided by Section 2(d) of this Agreement, (iii) compensation for any business
or telephone expenses under Section 2(e) of this Agreement, not yet reimbursed, as provided by the Company’s business expense reimbursement policies, and (iv) all compensation due the Employee as employee benefits under Sections 2(c)
and 2(f) of this Agreement, or under the terms of Company employee benefit plans, as provided for and required by the terms of such plans (all such compensation and benefits are referred to collectively in this Agreement as “Accrued
Obligations”). Accrued Obligations shall be paid promptly (but not later than 30 days) following the date on which the Executive’s employment is terminated. In addition, the Executive shall be paid any earned Bonus, where termination
of employment occurs after the end of the fiscal year, but before payment of the Bonus (“Final Bonus”). The Final Bonus shall be determined as provided by Section 2(b) of this Agreement. Any such Final Bonus payment shall be
made promptly but not later than as provided by Section 2(b). 
 (ii) In the event that the Company elects not to renew
the Agreement under Section 4 above and terminate the Executive’s employment, by providing a written notice of non-renewal, then promptly (but not later than 30 days) following termination of the Executive’s employment, the Company
shall pay the Executive a lump sum equal to one year of Severance Pay. In lieu of providing the six months advance notice of non-renewal required by Section 4, the Company may terminate the Executive immediately and pay him an additional six
months of Severance Pay, or provide such combination of Severance Pay and advance notice as it desires, on a pro rata basis, in its complete discretion. In addition to paying the Executive one year of Severance Pay, the Executive shall be paid
Mitigated Severance Pay from the first anniversary of the date of termination of his Company employment, until the second anniversary of his Company termination date, payable on an installment basis at the Company’s regular payroll intervals
(as of the date of the Executive’s termination) as if it were salary compensation. “Mitigated Severance Pay,” as used in this Agreement, means Severance Pay less any salary compensation and fringe benefit compensation,
comparable to his Base Salary and fringe benefit compensation under this Agreement, paid to him by any other employer, or received by him through self-employment or in connection with contract/consulting work during that period. The Executive will
also be entitled to payment of all Accrued Obligations, which will be paid promptly (but not later than 30 days) following the date on which the Executive’s employment is 

  
 6 

 
terminated. The Executive shall also be entitled to payment of any Final Bonus, which shall be determined as provided by Section 2(b) of this Agreement. Any such Final Bonus payment shall be
made promptly but not later than as provided by Section 2(b). 
 (iii) The Executive may terminate his employment and this
Agreement for Good Reason by written notice to the Company, and in that event, the Company shall pay Executive promptly (but not later than 30 days) following the termination of his employment a lump sum equal to one year of Severance Pay.
“Good Reason,” as used in this Agreement, shall mean, without limitation, (A) any material diminution in the Executive’s authority, duties and responsibilities, (B) any reduction in the Executive’s Base Salary,
(C) any material reduction in the total value of the Executive’s fringe benefit compensation, (D) a material breach by the Company of this Agreement, or (E) the Company’s failure to provide and maintain Directors and
Officers’ Liability Insurance in agreed amounts. Before terminating this Agreement for Good Reason, the Executive must give the Company a prior written notice indicating his intent to terminate for Good Reason if corrective action is not taken,
and stating the reasons why he believes there are grounds to terminate for Good Reason; after receipt of this notice, the Company shall have 15 days to cure the grounds for Good Reason. In the event of a termination for Good Reason, the Executive
will be entitled to payment of all Accrued Obligations, which will be paid promptly (but not later than 30 days) following the date on which the Executive’s employment is terminated. The Executive shall also be entitled to payment of any Final
Bonus, which shall be determined as provided by Section 2(b) of this Agreement. Any such Final Bonus payment shall be made promptly but not later than as provided by Section 2(b). 

(e) Voluntary Termination. In the event the Executive terminates the Executive’s employment on the Executive’s own
volition (except for Good Reason) prior to the expiration of the Term or any Renewal Term of this Agreement, such termination shall constitute a voluntary termination and in such event the Executive shall be limited to the same rights and benefits
as provided in connection with Section 6(a), which will be paid promptly (but not later than 30 days) following the date on which the Executive terminated his employment pursuant to this Section 6(e). A termination of the Executive’s
employment by the mutual agreement of the Executive and the Company shall not be deemed a Termination by the Company other than for Cause as provided in Section 6(d). Likewise, any public or published statement by either the Executive or the
Company after the date of Executive’s termination that characterizes the termination of Executive as a “resignation” or other voluntary departure by the Executive shall have no bearing on or otherwise change the determination
that Executive’s termination is a termination by the Company other than for Cause. In the event of a voluntary termination, the Executive will be entitled to payment of all Accrued Obligations, which will be paid promptly (but not later than 30
days) following the date on which the Executive’s employment is terminated. The Executive shall also be entitled to payment of any Final Bonus, which shall be determined as provided by Section 2(b) of this Agreement. Any such Final Bonus
payment shall be made promptly but not later than as provided by Section 2(b). 
 (f) Termination Following a Change of
Control and Compensation Reduction. In the event that a Change in Control, as hereinafter defined, of the Company shall occur at any time during the Term or Renewal Term, and within 12 months of the occurrence of such Change in Control event the
Company terminates the Executive without Cause or the Executive shall terminate the Executive’s employment under this Agreement, then, in any such 

  
 7 

 
event such termination shall be deemed to be a termination by the Company other than for Cause and the Executive shall be entitled to such compensation and benefits as set forth in
Section 6(d) of this Agreement, which shall be paid promptly (but not later than 30 days) following the termination of Executive’s employment. 
 For purposes of this Agreement, a “Change in Control” of the Company shall mean any of the following: 
 (i) a sale of all or substantially all of the assets of the Company; 
 (ii) the
date there shall have been a change in a majority of the Board of Directors of the Company during a consecutive twelve-month period, unless the nomination for election by the Company’s shareholders of each new director was approved.by the vote
of two-thirds of the directors then still in office who were in office at the beginning of the twelve-month period; 
 (iii)
the date that any person or entity, entities or group of persons (other than the Executive) both (A) is or becomes the Beneficial Owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of securities
of the Company.representing more than thirty percent (30%) or more of the combined voting power of the Company’s then outstanding securities, and (B) has voting control of the Company; 

(iv) consummation of a merger or consolidation of the Company with any corporation or other entity, other than a merger or consolidation
which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent
(50%) of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; 
 (v) a change in ownership of the Company through a transaction or series of transactions, such that any person or entity is or becomes the Beneficial Owner (as defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of securities of the combined voting power of the Company’s then outstanding securities; provided that, for such purposes, any acquisition
by the Company, in exchange for the Company’s securities, shall be disregarded; or 
 (vi) the Board (or the stockholders
if stockholder approval is required by applicable law or under the terms of any relevant agreement) shall approve a plan of complete liquidation of the Company. 
 provided, however, that a Change of Control shall expressly not include (A) any consolidation or merger effected exclusively to change the domicile of the Company, (B) any transaction or
series of transactions principally for bona fide equity financing purposes, or (C) the Transaction. 
 (g) Release.
The payment of Severance Pay or any other severance amount under this Section 6 is conditioned on the Executive executing and delivering to the Company promptly after the effective date of termination (without any revocation thereof) a standard
waiver and general release of claims which shall be provided by the Company to Executive (the 

  
 8 

 
“Release”). The Release will exclude Executive’s equity ownership and rights to purchase equity, his rights to receive payments and reimbursements contemplated under this
Agreement and other agreements with the Company (including all Accrued Obligations and any Final Bonus), his rights under the Company’s benefit plans, and his rights under indemnity agreements or to be indemnified under the Company’s
governing documents. Any such Release shall also contain a mutual release of the Executive to be given by the Company. For the avoidance of doubt, it is understood, that to the extent the payment of any amount is contingent on the execution and
delivery of the Release under this Section 6(g), such payment shall be forfeited unless the Release is received prior to the date on which such payment is due to be made under this Agreement. 

(h) Specified Employee. Notwithstanding anything to the contrary in this Agreement, if the Executive is a “specified
employee” (within the meaning of the final regulations promulgated under Section 409A of the Code) as of the date of his “separation from service” (within the meaning of Section 409A of the Code) from the Company, no amount
that constitutes a deferral of compensation that is payable upon such separation from services and is subject to the six-month delay rule of Section 409A(a)(2)(B)(i) of the Code shall be paid to Executive before the date (the “Delayed
Payment Date”) that is the first day of the seventh month after the date of the Executive’s separation from service, or, if earlier, the date of the Executive’s death following such separation from service. All such amounts that
would, but for this Section 6(h), become payable prior to the Delayed Payment Date will be accumulated and paid on the Delayed Payment Date. It is intended that (i) each installment under this Agreement be regarded as a separate
“payment” for purposes of Treasury Regulations Section 1.409A-2(b)(2)(i), and (ii) all benefits or payments provided under this Agreement satisfy to the greatest extent possible, the exemptions from application of
Section 409A of the Code provided under Treasury Regulations Sections 1.409A-1(b)(4) (short-term deferral) or 1.409A-1(b)(9) (certain separation pay plans). This Section 6(h) is intended to comply with the requirements of
Section 409A(a)(2)(B)(i) of the Code and shall be interpreted, construed, administered and applied consistently therewith. 

(i) Distributions on Account of Separation from Service. If and to the extent required to comply with Section 409A of the
Code, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of
Section 409A of the Code. 
 7. COVENANT NOT TO COMPETE/NON-SOLICITATION. Executive acknowledges and recognizes the
highly competitive nature of the Company’s Business and the goodwill and business strategy of the Company constitute a substantial asset of the Company. Executive further acknowledges and recognizes that during the course of the
Executive’s employment Executive will receive specific knowledge of the Company’s Business, access to trade secrets and Confidential Information (as hereinafter defined), participate in business acquisitions and decisions, and that it
would be impossible for Executive to work for a competitor without using and divulging this valuable Confidential Information. Executive further acknowledges that this covenant not to compete is an independent covenant within this Agreement. This
covenant shall survive this Agreement and shall be treated as an independent covenant for the purposes of enforcement. Accordingly, the existence of any claim or cause of action by Executive against the Company, including but not limited to any
other claim or cause 

  
 9 

 
of action under this Agreement or other agreement with the Company, does not constitute a defense to the enforcement of this Agreement by the Company against Executive. Executive agrees to the
following: 
 (a) that all times during the Term and any Renewal Terms and for a period of one year after termination of the
Executive’s employment under this Agreement or any renewal or extension thereof (the “Restricted Period”), for whatever reason and in any geographic areas in which the Company operated or was actively planning on operating as
of date of termination of the Executive’s employment (the “Restricted Area”), Executive will not individually or in conjunction with others, directly engage in Competition (as hereinafter defined) with the Business of the
Company, whether as an officer, director, proprietor, employer, employee, partner, independent contractor, investor, consultant, advisor, agent or otherwise; provided that this provision shall not apply to the Executive’s ownership of the
capital stock, solely as an investment, of securities of any issuer that is registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended, and that are listed or admitted for trading on any United States national
securities exchange or that are quoted on the National Association of Securities Dealers Automated Quotations System, or any similar system or automated dissemination of quotations of securities prices in common use, so long as the Executive does
not control, acquire a controlling interest in or become a member of a group which exercises direct or indirect control or, more than three percent of any class of capital stock of such corporation; 

(b) that during the Restricted Period and within the Restricted Area, Executive will not, indirectly or directly, compete with the
Company by soliciting, inducing or influencing any of the Company’s customers that have a business relationship with the Company at any time during the Restricted Period to discontinue or reduce the extent of such relationship with the Company;

 (c) that during the Restricted Period and within the Restricted Area, Executive will not (i) directly or indirectly
recruit any employee of the Company to discontinue such employment relationship with the Company, or (ii) employ or seek to employ, or cause to permit any business which competes directly or indirectly with the Business of the Company to employ
or seek to employ for any such business any person who is then (or was at any time within six months prior to the date Executive or the competitive business employs or seeks to employ such person) employed by the Company; 

(d) that during the Restricted Period, Executive will not interfere with, disrupt, attempt to disrupt any past or present relationship,
contractual or otherwise, between the Company and any Company’s employees. 
 (e) For purposes hereof,
“Competition” shall mean any company, partnership, limited liability company or other entity any portion of whose business directly or indirectly competes with the Company within the Business in the geographical areas in which the
Company conducts the Business. 
 (f) In the event that a court of competent jurisdiction shall determine that any provision of
this Section 7 is invalid or more restrictive than permitted under the governing law of such jurisdiction, then only as to enforcement of this Section 7 within the jurisdiction of such court, such provision shall be interpreted and
enforced as if it provided for the maximum restriction permitted under such governing law. 

  
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 (g) If the Executive shall be in violation of any provision of this Section 7, then
each time limitation set forth in this Section 7 shall be extended for a period of time equal to the period of time during which such violation or violations occur. If the Company seeks injunctive relief from such violation in any court, then
the covenants set forth in this Section 7 shall be extended for a period of time equal to the pendency of such proceeding including all appeals by the Executive. 
 8. NON-DISCLOSURE OF CONFIDENTIAL INFORMATION. 
 (a) Executive acknowledges
that the Company’s trade secrets, private or secret processes, methods and ideas, as they exist from time to time, and confidential information concerning the Company’s services, business records and plans, inventions, acquisition
strategy, price structure and pricing, discounts, costs, computer programs and listings, source code and/or subject code, copyright, trademark, proprietary information, formulae, protocols, forms, procedures, training methods, development, technical
information, know-how, show-how, new product and service development, advertising budgets, past, present or planned marketing, activities and procedures, method for operating the Company’s Business, credit and financial data concerning the
Company’s customers, as well as confidential information relating to Company advertising, promotional and sales strategies, sales presentations, research information, revenues, acquisitions, and other information of a confidential nature not
known publicly or by other companies selling to the same markets and specifically including information which is mental, not physical (collectively, “Confidential Information”) are valuable, special and unique assets of the Company,
access to and knowledge of which have been provided to Executive only by virtue of Executive’s association with the Company. In light of the highly competitive nature of the Business, Executive agrees that it is important and appropriate to
maintain the secrecy of all such Confidential Information. 
 (b) The Executive agrees that the Executive shall (i) hold in
confidence and not disclose or make available to any third party any such Confidential Information obtained directly or constructively from the Company, unless so authorized in writing by the Company; (ii) exercise all reasonable efforts to
prevent third parties from gaining access to the Confidential Information; (iii) not use, directly or indirectly, Confidential Information, except in order to perform the Executive’s duties and responsibilities to the Company;
(iv) restrict the disclosure or availability of the Confidential Information to those who have a need to know the information and who have signed appropriate confidentiality commitments; (v) not copy or modify any Confidential Information
without prior written consent of the Company, provided, however, that such copy or modification of any Confidential Information does not include any modifications or copying which would otherwise prevent the Executive from performing his/her duties
and responsibilities to the Company; (vi) take such other protective measures as may be reasonably necessary to preserve the confidentiality of the Confidential Information; and (vii) relinquish all rights he may have in anything, such as
drawings, documents, models, samples, photographs, patterns, templates, molds, tools or prototypes, which may contain, embody or make use of the Confidential Information. 

  
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 (c) Executive further agrees (i) that Executive shall promptly disclose in writing to
the Company all ideas, inventions, improvements and discoveries which may be conceived, made or acquired by Executive as the direct or indirect result of the disclosure by the Company of the Confidential Information to Executive, and that is useful
to the Business; (ii) that all such ideas, inventions, improvements and discoveries conceived, made or acquired by Executive, alone or with the assistance of others, relating to the Confidential Information in accordance with the provisions
hereof and that Executive shall not acquire any intellectual property rights under this Agreement except the limited right to use set forth in this Agreement; (iii) that Executive shall assist in the preparation and execution of all
applications, assignments and other documents which the Company may deem necessary to obtain patents, copyrights and the like in the United States and in jurisdictions foreign thereto, and to otherwise protect the Company. 

(d) Excluded from the Confidential Information, and therefore not subject to the provisions of this Agreement, shall be any information
which the Executive can show (1) at the time of disclosure, is in the public domain as evidenced by printed publications; (ii) after the disclosure, enters the public domain by way of printed publication through no fault of the Executive;
(iii) by written documentation was in his possession at the time of disclosure and which was not acquired directly or indirectly from the Company; or (iv) by written documentation was acquired, after disclosure, from a third party who did
not receive it from the Company, and who had the right to disclose the information without any obligation to hold such information confidential. The foregoing exceptions shall apply only from and after the date that the information becomes generally
available to the public or is disclosed to the Executive by a third party, respectively. Specific information shall not be deemed to be within the foregoing exceptions merely because it is embraced by more general information in the public domain.
Additionally, any combination of features shall not be deemed to be within the foregoing exceptions merely because individual features are in the public domain. If the Executive intends to avail himself of any of the foregoing exceptions, the
Executive shall notify the Company in writing of his intention to do so and the basis for claiming the exception. 
 (e) Upon
written request of the Company, Executive shall immediately return to the Company all written materials containing the Confidential Information as well as any other books, records and accounts relating in any manner to the Company or the Business.
Executive shall also deliver to the Company written statements signed by Executive certifying all materials have been returned within five days of receipt of the request. 
 9. ACKNOWLEDGMENT BY EXECUTIVE. The Executive acknowledges and confirms that (a) the restrictive covenants contained in this Agreement are reasonably necessary to protect the legitimate
business interests of the Company, and (b) the restrictions contained herein (including, without, limitation the length of the term of the provisions of the covenant not to compete) are not overbroad, overlong, or unfair and are not the result
of overreaching, duress or coercion of any kind. The Executive further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained herein will not cause him any undue hardship, financial or
otherwise, and that enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the
comfortable support of him and his family and the satisfaction of the needs of his creditors. The 

  
 12 

 
Executive acknowledges and confirms that his special knowledge of the business of the Company is such as would cause the Company serious injury or loss if he were to use such ability and
knowledge to the benefit of a competitor or were to compete with the Company in violation of the terms hereof. The Executive further acknowledges that the restrictions contained herein are intended to be, and shall be, for the benefit of and shall
be enforceable by, the Company’s successors and assigns. 
 10. INJUNCTION. It is recognized and hereby acknowledged
by the parties hereto that a breach by the Executive of any of the covenants contained in Sections 7 and 8 of this Agreement will cause irreparable harm and damage to the Company, the monetary amount of which may be virtually impossible to
ascertain. As a result, the Executive recognizes and hereby acknowledges that the Company shall be entitled to an injunction from any court of competent jurisdiction enjoining and restraining any violation of any or all of the covenants contained in
Sections 7 and 8 of this Agreement by the Executive or any of his affiliates, associates, partners or agents, either directly or indirectly, and that such right to injunction shall be cumulative and in addition to whatever other remedies the Company
may possess. In addition, upon any material violation of the covenants contained in Sections 7 and 8 that is not cured within 20 days of notice by the Company, all severance payments and benefits to which the Executive may be entitled to thereafter
shall immediately cease and be without further force and effect, 
 11. SURVIVAL. The provisions of Sections 7 through 25
shall survive the termination of this Agreement, as applicable. 
 12. NOTICES. All notices required or permitted to be
given hereunder shall be in writing and shall be personally delivered by courier, sent by registered or certified mail, return receipt requested or sent by confirmed facsimile transmission. Notices personally delivered, sent by facsimile or sent by
overnight courier shall be deemed given on the date of delivery and notices mailed in accordance with the foregoing shall be deemed given upon the earlier of receipt by the addressee, as evidenced by the return receipt thereof, or three
(3) days after deposit in the U.S. mail. Notice shall be sent to the business address of the Company and to the last known home address of the Executive, or to such other address as either party hereto may from time to time give notice of to
the other. 
 13. HEADINGS. All sections and descriptive headings of this Agreement are inserted for convenience only,
and shall not affect the construction or interpretation hereof. 
 14. COUNTERPARTS. This Agreement may be executed in
any number of counterparts, each of which, when executed and delivered, shall be an original, but all counterparts shall together constitute one and the same instrument. 
 15. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and, upon its effectiveness, shall supersede all prior
agreements, understandings and arrangements, both oral and written, between the Executive and the Company (or any of its Affiliates) with respect to such subject matter. This Agreement may not be modified in any way unless by a written instrument
signed by both the Company and the Executive. 

  
 13 

 16. GOVERNING LAW; FORUM SELECTION AGREEMENT; ATTORNEY’S FEES. This Agreement is
to be construed and enforced according to the laws of the State of Florida. Both parties agree that all disputes, claims, actions or lawsuits between them, arising out of or relating to this Agreement, or for alleged breach of this Agreement, shall
be heard and determined by a state court sitting in Broward County, Florida, or by the United States District Court for the Southern District of Florida, or by any appellate courts which review decisions of those courts. The parties expressly submit
to the jurisdiction of those courts for adjudication of all such disputes, and agree not to bring any such action or proceeding in any other court. Both parties waive any defense of inconvenient forum as to the maintenance of any action or
proceeding brought pursuant to this Agreement in those courts, and waive any bond, surety, or other security that might be required of the other party with respect to any aspect of such action, to the extent permitted by law. Provided, however, that
either party may bring a proceeding in a different court, jurisdiction or forum to obtain collection of any judgment, or to obtain enforcement of any injunction or order, entered against the other party. The parties also agree to accept any service
of process by mail. The prevailing party in any action brought under this Agreement shall be entitled to recover a reasonable attorney’s fee and costs of action from the non-prevailing party. 

17. CONSTRUCTION. This Agreement shall not be construed more strictly against one party than the other, merely by virtue of the
fact that it may have been prepared by counsel for one of the parties, it being recognized that both Company and Executive have contributed substantially and materially to the negotiation and preparation of this Agreement. 

18. SEVERABILITY. Inapplicability or unenforceability of any provision of this Agreement shall not limit or impair the operation
or validity of any other provision of this Agreement or any such other instrument. 
 19. ASSIGNABILITY. The Executive
shall not have the right to assign or delegate his rights or obligations hereunder, or any portion thereof, to any other person. The Company may assign its rights under this Agreement. The Executive specifically authorizes the enforcement of the
covenants provided for in this Agreement by (A) Company and its Affiliates, (B) Company’s permitted assigns, and (C) any successors to Company’s business or the Business. 

20. WAIVERS. The waiver by either party hereto of a breach or violation of any term or provision of this Agreement shall not
operate nor be construed as a waiver of any subsequent breach or violation. 
 21. NO THIRD PARTY BENEFICIARY. Nothing
expressed or implied in this Agreement is intended, or shall be construed, to confer upon or give any person other than the Company, the parties hereto and their respective heirs, personal representatives, legal representatives, successors and
assigns, any rights or remedies under or by reason of this Agreement. 
 22. NON-DISPARAGEMENT. During the term of
Executive’s employment and thereafter, neither the Executive nor the Company’s, directors and officers shall disparage each other. 

  
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 23. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVE THE RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN)
OR ACTIONS OF ANY PARTY HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE COMPANY ENTERING INTO THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR OUT OF THE EMPLOYMENT OF EXECUTIVE BY THE COMPANY, COMPENSATION OR ANY DAMAGES IN RESPECT
THEREOF. 
 24. SECTION 409A. The Company intends that income, bonuses, equity awards and reimbursements provided to the
Executive pursuant to this Agreement will not be subject to taxation under Section 409A of the Code. The provisions of this Agreement shall be interpreted and construed in favor of satisfying any applicable requirements of Section 409A of
the Code or exemptions thereto and the final regulations promulgated thereunder. The Company shall operationally comply at all times from and after the date of this Agreement with the requirements of Section 409A of the Code or exemptions
thereto so that none of the income, bonuses, equity awards or reimbursements is subject to taxation under Section 409A of the Code. 
 [Signatures Begin on Following Page] 

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

			
	ELANDIA INTERNATIONAL, INC.
		
	By:	 	 /s/ Ana Vallejo

			
	Name:	 	Ana Vallejo

			
	Title:	 	Assistant Secretary

  

	
	EXECUTIVE
	
	 /s/ Pedro R. Pizarro

	Pedro R. Pizarro

  
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 EXHIBITA 
 The Company’s Tax Gross-Up Commitment 
 (a) If any of the
payments provided for in this Agreement (the “Contract Payments”) or any portion of the Total Payments (as defined below) will be subject to the tax (the “Excise Tax”) imposed by Section 4999 of the Internal
Revenue Code (the “Code”), the Company shall pay to the Executive, no later than thirty (30) days following the Executive’s payment of the Excise Tax (whether such payment is made through withholding by the Company or
direct payment to the IRS by the Executive) an additional amount (the “Gross-Up Payment”) such that the net amount retained by the Executive, after deduction of any Excise Tax on the Contract Payments and such other Total Payments
and any federal and state and local income, employment and other taxes and Excise Tax upon the payment provided for by this subsection, shall be equal to the Contract Payments and such other Total Payments. 

(b) For purposes of determining whether any payments will be subject to the Excise Tax and the amount of such Excise Tax, (i) any
payments or benefits, including acceleration of payment or vesting of rights, received or to be received by the Executive in connection with an event described in Section 280(G)(b)(2)(A)(i) of the Code (hereinafter, a “Section 280
Event”), or the Executive’s termination of employment pursuant to the terms of any plan, arrangement or agreement with the Company, their successors, or any person whose actions result in a Section 280 Event with respect to the
Executive (together with the Contract Payments, the “Total Payments”), shall be treated as “parachute payments” within the meaning of Section 280G(b)(2) of the Code except to the extent that, in the opinion of tax
counsel selected by the Company’s independent auditors and acceptable to the Executive, the Total Payments do not constitute parachute payments, (ii) all “excess parachute payments” within the meaning of Section 280G(b)(l)
shall be treated as subject to the Excise Tax except to the extent that, in the opinion of such tax counsel, such excess parachute payments represent reasonable compensation for services actually rendered within the meaning of
Section 280G(b)(4)(B) of the Code in excess of the base amount within the meaning of Section 2800(b)(3) of the Code, or are otherwise not subject to the Excise Tax, and (iii) the value of any noncash benefits or any deferred payment
or benefit shall be determined by the Company’s independent auditors in accordance with the principles of Sections 2800(d)(3) and (4) of the Code. For purposes of determining the amount of the Gross-Up Payment, the Executive shall be
deemed to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the highest marginal rate of taxation in the state and
locality of the Executive’s residence on the date of termination of his employment, net of the maximum reduction in federal income taxes which could be obtained from deductions of such state and local taxes. 

(c) In the event that the Excise Tax is subsequently determined to be less than the amount taken into account hereunder, the Executive
shall repay to the Company at the time that the amount of such reduction in Excise Tax is finally determined, the portion of the Gross-Up Payment attributable to such reduction (plus the portion of the Gross-Up Payment attributable to the Excise Tax
and federal and state and local income tax imposed on the Gross-Up Payment being repaid by the Executive if such repayment results in a reduction in Excise Tax and/or a federal and state and local income tax deduction) plus interest on the amount of
such repayment at the rate provided in Section 1274(b)(2)(B) of the Code. In the event that the Excise Tax is 

  
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determined to exceed the amount taken into account hereunder at the time of the termination of the Executive’s employment (including by reasons of any payment the existence or amount of
which cannot be determined at the time of the Gross-Up Payment), the Company shall make an additional Gross-Up Payment in respect of such excess (plus any interest payable with respect to such excess) at the time that the amount of such excess is
fully determined. 

  
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