Document:

Exhibit 10.3

 

THIS WARRANT HAS NOT BEEN REGISTERED WITH THE
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL
OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

The number
of shares of common stock issuable upon exercise of this warrant may be less than the amounts set forth on the face hereof.

 

This Warrant is issued pursuant to that certain
Securities Purchase Agreement dated May 27, 2021 by and between the Company and the Holder (as defined below) (the “Purchase
Agreement”). Capitalized terms used and not otherwise defined herein shall have the meanings set forth for such terms in the
Purchase Agreement. Receipt of this Warrant by the Holder shall constitute acceptance and agreement to all of the terms contained herein.

 

No. 20210526

 

comsovereign
holding corp.

 

COMMON STOCK PURCHASE WARRANT

 

COMSovereign Holding Corp.,
a Nevada corporation (together with any corporation which shall succeed to or assume the obligations of COMSovereign Holding Corp. hereunder,
the “Company”), hereby certifies that, for value received, Lind Global Macro Fund, LP, a Delaware limited partnership
(the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company at any time during
the Exercise Period (as defined in Section 9) up to One Million Eight Hundred Twenty Thousand (1,820,000) fully paid and non-assessable
shares of Common Stock (as defined in Section 9), at a purchase price per share equal to the Exercise Price (as defined in
Section 9). The number of shares of Common Stock for which this Common Stock Purchase Warrant (this “Warrant”)
is exercisable and the Exercise Price are subject to adjustment as provided herein.

 

1. DEFINITIONS.
Certain terms are used in this Warrant as specifically defined in Section 9.

 

2. EXERCISE
OF WARRANT.

 

2.1. Exercise.
This Warrant may be exercised prior to its expiration pursuant to Section 2.5 hereof by the Holder at any time or from time to
time during the Exercise Period, by submitting the form of subscription attached hereto (the “Exercise Notice”) duly
executed by the Holder, to the Company at its principal office, indicating whether the Holder is electing to purchase a specified number
of shares by paying the Aggregate Exercise Price as provided in Section 2.2 or is electing to exercise this Warrant as to a specified
number of shares pursuant to the net exercise provisions of Section 2.3. On or before the first Trading Day following the date
on which the Company has received the Exercise Notice, the Company shall transmit by electronic mail an acknowledgement of confirmation
of receipt of the Exercise Notice. Subject to Section 2.4, this Warrant shall be deemed exercised for all purposes as of the close
of business on the day on which the Holder has delivered the Exercise Notice to the Company. The Aggregate Exercise Price, if any, shall
be paid by wire transfer to the Company within five (5) Business Days of the date of exercise and prior to the time the Company issues
the certificates evidencing the shares issuable upon such exercise. In the event this Warrant is not exercised in full, the Company may,
at its expense, require the Holder, after such partial exercise, to promptly return this Warrant to the Company and the Company will forthwith
issue and deliver to or upon the order of the Holder a new Warrant or Warrants of like tenor, in the name of the Holder or as the Holder
(upon payment by the Holder of any applicable transfer taxes) may request, calling in the aggregate on the face or faces thereof for the
number of shares of Common Stock equal (without giving effect to any adjustment therein) to the number of such shares called for on the
face of this Warrant minus the number of such shares (without giving effect to any adjustment therein) for which this Warrant shall have
been exercised.

 

     

     

    

 

2.2. Payment
of Exercise Price by Wire Transfer. If the Holder elects to purchase a specified number of shares by paying the Aggregate Exercise
Price, the Holder shall pay such amount by wire transfer of immediately available funds to the account designated by the Company in its
acknowledgement of receipt of such Exercise Notice pursuant to Section 2.1.

 

2.3. Net
Exercise. If a registration statement covering the shares of Common Stock that are the subject of the Notice of Exercise (the “Unavailable
Warrant Shares”) is not available for the resale of such Unavailable Warrant Shares to the public or upon exercise of this Warrant
in connection with a Fundamental Transaction, the Holder may elect to exercise this Warrant by receiving shares of Common Stock equal
to the number of shares determined pursuant to the following formula:

 

	X  = 	 Y (A - B)
	 	       A

 

where,

 

		X =	the number of shares of Common Stock to be issued to Holder;

 

		Y =	the number of shares of Common Stock as to which this Warrant is to be exercised (as indicated on the Exercise Notice);

 

		A =	VWAP for the Trading Day immediately preceding the date of exercise; and

 

		B =	the Exercise Price.

 

2.4. Antitrust
Notification. If the Holder determines, in its sole judgment upon the advice of counsel, that the issuance of any Warrant Shares pursuant
to the terms hereof would be subject to the provisions of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR
Act”), the Company shall file as soon as practicable after the date on which the Company receives notice from the Holder of
the applicability of the HSR Act and a request to so file with the United States Federal Trade Commission and the United States Department
of Justice the notification and report form required to be filed by it pursuant to the HSR Act in connection with such issuance.

 

2.5. Termination.
This Warrant shall terminate upon the earlier to occur of (i) exercise in full or (ii) the expiration of the Exercise Period.

 

3. REGISTRATION
RIGHTS. The Holder of this Warrant has certain rights to require the Company to register its resale of the Warrant Shares under the
Securities Act and any blue sky or securities laws of any jurisdictions within the United States at the time and in the manner specified
in the Purchase Agreement.

 

    -2-

     

    

 

4. DELIVERY
OF STOCK CERTIFICATES ON EXERCISE.

 

4.1. Delivery
of Exercise Shares. As soon as practicable after any exercise of this Warrant and in any event within three (3) Trading Days thereafter
(such date, the “Exercise Share Delivery Date”), the Company shall, at its expense (including the payment by it of
any applicable issue or stamp taxes), cause to be issued in the name of and delivered to the Holder, or as the Holder may direct, a certificate
or certificates evidencing the number of fully paid and non-assessable shares of Common Stock (which number shall be rounded down to the
nearest whole share in the event any fractional share may otherwise be issuable upon such exercise and the Company shall pay a cash adjustment
to the Holder in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price) to which the Holder
shall be entitled on such exercise, in such denominations as may be requested by the Holder, which certificate or certificates shall be
free of restrictive and trading legends (except for any such legends as may be required under the Securities Act). In lieu of delivering
physical certificates for the shares of Common Stock issuable upon any exercise of this Warrant, provided the Warrant Shares are not restricted
securities and the Company’s transfer agent is participating in the Depository Trust Company (“DTC”) Fast Automated
Securities Transfer program or a similar program, upon request of the Holder, the Company shall cause its transfer agent to electronically
transmit such shares of Common Stock issuable upon exercise of this Warrant to the Holder (or its designee), by crediting the account
of the Holder’s (or such designee’s) broker with DTC through its Deposit Withdrawal Agent Commission system (provided that
the same time periods herein as for stock certificates shall apply) as instructed by the Holder (or its designee).

 

4.2. Compensation
for Buy-In on Failure to Timely Deliver Exercise Shares. In addition to any other rights available to the Holder, if the Company fails
to cause its transfer agent to transmit to the Holder Exercise Shares pursuant to an exercise on or before the Exercise Share Delivery
Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the Holder’s
brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Exercise Shares which
the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (a) pay in cash to the Holder
the amount, if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any) for the shares of Common
Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Exercise Shares that the Company was required to deliver
to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation
was executed, and (b) at the option of the Holder, either reinstate the portion of the Warrant and equivalent number of Exercise Shares
for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of
shares of Common Stock that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder.
For example, if the Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted
exercise of shares of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (a) of
the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written
notice indicating the amounts payable to the Holder in respect of the Buy-In and evidence of the amount of such loss. Nothing herein shall
limit a Holder’s right to pursue a decree of specific performance and/or injunctive relief with respect to the Company’s failure
to timely deliver shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

 

4.3. Charges,
Taxes and Expenses. Issuance of Exercise Shares shall be made without charge to the Holder for any issue or transfer tax or other
incidental expense in respect of the issuance of such Exercise Shares, all of which taxes and expenses shall be paid by the Company, and
such Exercise Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however,
that in the event Exercise Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise
shall be accompanied by the Assignment Form attached hereto (the “Assignment Form”) duly executed by the Holder and
the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto.

 

    -3-

     

    

 

5. CERTAIN
ADJUSTMENT.

 

5.1. Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (a) pays a stock dividend or otherwise makes
a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of
Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon exercise of this
Warrant), (b) subdivides outstanding shares of Common Stock into a larger number of shares, (c) combines (including by way of reverse
stock split) outstanding shares of Common Stock into a smaller number of shares, or (d) issues by reclassification of shares of the Common
Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied by a fraction of which the
numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before such event
and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event and the number of
shares issuable upon exercise of this Warrant shall be proportionately adjusted such that the aggregate Exercise Price of this Warrant
shall remain unchanged. Any adjustment made pursuant to this Section 5.1 shall become effective immediately after the record date
for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the
effective date in the case of a subdivision, combination or re-classification.

 

5.2 Pro
Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution
of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including,
without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification,
corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after
the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent
that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise
of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation)
immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the
record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however, that, to
the extent that the Holder's right to participate in any such Distribution would result in the Holder exceeding the beneficial ownership
limitation provided for in Section 10, then the Holder shall not be entitled to participate in such Distribution to such extent
(or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such
Distribution shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in
the Holder exceeding the beneficial ownership limitation).

 

    -4-

     

    

 

5.3 Fundamental
Transaction. If, at any time while this Warrant is outstanding, (a) the Company effects any merger or consolidation of the Company
with or into another Person, (b) the Company effects any sale of all or substantially all of its assets in one or a series of related
transactions, (c) any tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders
of Common Stock are permitted to tender or exchange their shares for other securities, cash or property, or (d) the Company effects any
reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into
or exchanged for other securities, cash or property (each, a “Fundamental Transaction”), then, upon the closing of
a Fundamental Transaction and payment of the exercise price therefore (including at the election of the Holder by cashless exercise),
the Holder shall receive, for each Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence
of such Fundamental Transaction, the number of shares of Common Stock of the successor or acquiring corporation or of the Company, if
it is the surviving corporation, and any additional consideration (the “Alternate Consideration”) receivable as a result
of such merger, consolidation or disposition of assets by a holder of the number of shares of Common Stock for which this Warrant is exercisable
immediately prior to such event. For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted
to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common Stock
in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in a reasonable
manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Stock are given
any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same
choice as to the Alternate Consideration it receives upon exercise of this Warrant upon the closing of such Fundamental Transaction. The
foregoing notwithstanding, if the Company effects any reclassification of the Common Stock or any compulsory share exchange, in each case,
into another security of the Company, this Warrant shall remain outstanding and the Holder shall be entitled to receive the Alternative
Consideration upon any subsequent exercise of this Warrant and the payment of the exercise price therefor. The terms of any agreement
pursuant to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to comply
with the provisions of this Section 5.3

 

5.4 Adjustment
to Exercise Price Upon Issuance of Common Stock. In the event the Company shall at any time or from time to time after the Closing
Date (but whether before or after the Issue Date) issue or sell any additional shares of Common Stock (“Additional Shares of
Common Stock”), other than (A) as provided in the Note (including subsections (i) through (iv) of Section 3.4(a) of the
Note), pursuant to any Equity Plan (including pursuant to Common Stock Equivalents granted or issued under any Equity Plan), (B) pursuant
to Common Stock Equivalents (as defined in the Note) granted or issued prior to the Closing Date, (C) Exempted Securities or (D) pursuant
to the terms of this Warrant or the Note, in any case, at an effective price per share that is less than the Exercise Price
then in effect or without consideration, then the Exercise Price upon each such issuance shall be reduced to a price equal to the consideration
per share paid for such Additional Shares of Common Stock. For purposes of clarification, the amount of consideration received for such
Additional Shares of Common Stock shall not include the value of any additional securities or other rights received in connection with
such issuance of Additional Shares of Common Stock (i.e., warrants, rights of first refusal or other similar rights).

 

5.5 Calculations.
All calculations under this Section 5 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.
For purposes of this Section 5, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall
be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding at the close of the Trading
Day on or, if not applicable, most recently preceding, such given date.

 

5.6 Notice
to Holder.

 

(a)  Adjustment
to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 5, the Company shall promptly
mail to the Holder a notice setting forth the Exercise Price after such adjustment and setting forth a brief statement of the facts requiring
such adjustment.

 

    -5-

     

    

 

(b)  Notice
to Allow Exercise by Holder. If (i) the Company shall declare a dividend (or any other distribution in whatever form) on the Common
Stock; (ii) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock; (iii) the Company shall
authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase any shares of capital stock
of any class or of any rights; (iv) the approval of any stockholders of the Company shall be required in connection with any reclassification
of the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer of all or substantially all of
the assets of the Company, of any compulsory share exchange whereby the Common Stock is converted into other securities, cash or property;
or (v) the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company;
then, in each case, the Company shall cause to be mailed to the Holder at its last address as it shall appear upon the Warrant Register
of the Company, at least twenty (20) calendar days prior to the applicable record or effective date hereinafter specified, a notice stating
(x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a
record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions,
redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer
or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common Stock of
record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable upon such reclassification,
consolidation, merger, sale, transfer or share exchange; provided that the failure to mail such notice or any defect therein or in the
mailing thereof shall not affect the validity of the corporate action required to be specified in such notice. Subject to applicable law,
the Holder is entitled to exercise this Warrant during the period commencing on the date of such notice to the effective date of the event
triggering such notice. Notwithstanding the foregoing, the delivery of the notice described in this Section 5.6 is not intended
to and shall not bestow upon the Holder any voting rights whatsoever with respect to outstanding unexercised Warrants.

 

6. NO
IMPAIRMENT. The Company will not, by amendment of the Articles of Incorporation or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or
performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and
in taking all such action as may be necessary or appropriate in order to protect the rights of the Holder against impairment. Without
limiting the generality of the foregoing, the Company (a) will not increase the par value of any shares of Common Stock receivable on
the exercise of this Warrant above the amount payable therefor on such exercise and (b) will take all such action as may be necessary
or appropriate in order that the Company may validly and legally issue fully paid and non-assessable shares of stock on the exercise of
this Warrant from time to time outstanding.

 

7. NOTICES
OF RECORD DATE. In the event of:

 

(a) any
taking by the Company of a record of the holders of any class of securities for the purpose of determining the holders thereof who are
entitled to receive any dividend or other distribution, or any right to subscribe for, purchase or otherwise acquire any shares of stock
of any class or any other securities or property, or to receive any other right;

 

(b) any
capital reorganization of the Company, any reclassification or recapitalization of the capital stock of the Company or any transfer of
all or substantially all the assets of the Company to or any consolidation or merger of the Company with or into any other Person or any
other Change of Control; or

 

    -6-

     

    

 

(c) any
voluntary or involuntary dissolution, liquidation or winding-up of the Company;

 

then, and in each such event, the Company will
mail or cause to be mailed to the Holder a notice specifying (i) the date on which any such record is to be taken for the purpose of such
dividend, distribution or right, and stating the amount and character of such dividend, distribution or right, or (ii) the date on which
any such reorganization, reclassification, recapitalization, transfer, consolidation, merger, dissolution, liquidation or winding-up is
anticipated to take place, and the time, if any is to be fixed, as of which the holders of record of Common Stock shall be entitled to
exchange their shares of Common Stock for securities or other property deliverable on such reorganization, reclassification, recapitalization,
transfer, consolidation, merger, dissolution, liquidation or winding-up. Such notice shall be mailed at least fifteen (15) days prior
to the date specified in such notice on which any such action is to be taken.

 

8. RESERVATION
OF STOCK ISSUABLE ON EXERCISE OF WARRANT; REGULATORY COMPLIANCE.

 

8.1. Reservation
of Stock Issuable on Exercise of Warrant. The Company shall at all times while this Warrant shall be outstanding, reserve and keep
available out of its authorized but unissued Common Stock, such number of shares of Common Stock as shall from time to time be sufficient
to effect the exercise of all or any portion of the Warrant Shares (disregarding for this purpose any and all limitations of any kind
on such exercise). The Company shall, from time to time in accordance with the Delaware General Corporation Law, increase the authorized
number of shares of Common Stock or take other effective action if at any time the unissued number of authorized shares shall not be sufficient
to satisfy the Company’s obligations under this Section 8.

 

8.2. Regulatory
Compliance. If any shares of Common Stock to be reserved for the purpose of exercise of the Warrant Shares require registration or
listing with or approval of any Governmental Authority, stock exchange or other regulatory body under any federal or state law or regulation
or otherwise before such shares may be validly issued or delivered upon exercise, the Company shall, at its sole cost and expense, in
good faith and as expeditiously as possible, secure such registration, listing or approval, as the case may be.

 

9. DEFINITIONS.
As used herein the following terms, unless the context otherwise requires, have the following respective meanings:

 

“Affiliate”
means a Person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control
with, the Person specified.

 

“Aggregate
Exercise Price” means, in connection with the exercise of this Warrant at any time, an
amount equal to the product obtained by multiplying (i) the Exercise Price times (ii) the number of shares of Common Stock for which this
Warrant is being exercised at such time.

 

“Articles of Incorporation”
means the Company’s Restated Articles of Incorporation as amended to date.

 

“Business Day”
means any day other than a Saturday, Sunday or any other day on which banks are permitted or required to be closed in New York City.

 

“Change of Control”
has the meaning set forth in the Purchase Agreement.

 

“Common Stock”
means (i) the Company’s Common Stock, $0.0001 par value per share, and (ii) any other securities into which or for which any of
the securities described in clause (i) above have been converted or exchanged pursuant to a plan of recapitalization, reorganization,
merger, sale of assets or otherwise.

 

    -7-

     

    

 

“Convertible Securities”
means any debt, equity or other securities that are, directly or indirectly, convertible into or exchangeable for Common Stock.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder from time to time in effect.

 

“Exercise Period”
means the period commencing on the Issue Date and ending 11:59 P.M. (New York City time) on the date that is sixty (60) months from the
Issue Date or earlier closing of a Fundamental Transaction (other than a Fundamental Transaction of the type described in clause (d) of
the definition thereof resulting in the conversion into or exchange for another security of the Company).

 

“Exercise Price”
means $4.50 per share, as may be adjusted pursuant to the terms hereof.

 

“Exercise Shares”
means the shares of Common Stock for which this Warrant is then being exercised.

 

“Fair Market Value”
means, with respect to any security or other property, the fair market value of such security or other property as determined by the Board
of Directors, acting in good faith.

 

“Governmental Authority”
means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any
agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the
European Union or the European Central Bank).

 

“Issue Date”
means May 27, 2021.

 

“Note”
means the senior secured convertible promissory note issued by the Company to the Holder pursuant to the
Purchase Agreement.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint
venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder from time to time in effect.

 

“Subsidiary”
means, as of any time of determination and with respect to any Person, any United States corporation, partnership, limited liability company
or limited liability partnership, all of the stock (or other equity interest) of every class of which, except directors’ qualifying
shares (or any equivalent), shall, at such time, be owned by such Person either directly or through Subsidiaries and of which such Person
or a Subsidiary shall have 100% control thereof, except directors’ qualifying shares. Unless the context otherwise clearly requires,
any reference to a “Subsidiary” is a reference to a Subsidiary of the Company.

 

“Trading Day”
means a day on which the Common Stock is traded on a Trading Market.

 

    -8-

     

    

 

“Trading Market”
means whichever of the New York Stock Exchange, NYSE: Amex Exchange, or the Nasdaq Stock Market (including the Nasdaq Capital Market),
on which the Common Stock is listed or quoted for trading on the date in question.

 

“VWAP”
means, as of any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the daily volume weighted average price of one share of Common Stock trading in the ordinary course of
business on the applicable Trading Price for such date (or the nearest preceding date) on such Trading Market as reported by Bloomberg
Financial L.P.; (b) if the Common Stock is not then listed on a Trading Market and if the Common Stock is traded in the over-the-counter
market, as reported by the OTC Bulletin Board, the volume weighted average price of one share of Common Stock for such date (or the nearest
preceding date) on the OTC Bulletin Board, as reported by Bloomberg Financial L.P.; (c) if the Common Stock is not then listed or quoted
on the OTC Bulletin Board and if prices for the Common Stock is then reported in the “Pink Sheets” published by the Pink OTC
Markets Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price of one share
of Common Stock so reported, as reported by Bloomberg Financial L.P.; or (d) in all other cases, the fair market value of one share of
Common Stock as determined by an independent appraiser selected in good faith by the Holder and reasonably acceptable to the Company (in
each case rounded to four decimal places).

 

“Warrant
Shares” means collectively the shares of Common Stock of the Company issuable upon exercise
of the Warrant in accordance with its terms, as such number may be adjusted pursuant to the provisions thereof.

 

10. LIMITATION
ON BENEFICIAL OWNERSHIP. Notwithstanding anything to the contrary contained herein, the Holder shall not be entitled to receive shares
of Common Stock or other securities (together with Common Stock, “Equity Interests”) upon exercise of this Warrant
to the extent (but only to the extent) that such exercise or receipt would cause the Holder Group to become, directly or indirectly, a
“beneficial owner” (within the meaning of Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder)
of a number of Equity Interests of a class that is registered under the Exchange Act which exceeds the Maximum Percentage (as defined
below) of the Equity Interests of such class that are outstanding at such time. Any purported delivery of Equity Interests in connection
with the exercise of the Warrant prior to the termination of this restriction in accordance herewith shall be void and have no effect
to the extent (but only to the extent) that such delivery would result in the Holder Group becoming the beneficial owner of more than
the Maximum Percentage of the Equity Interests of a class that is registered under the Exchange Act that is outstanding at such time.
If any delivery of Equity Interests owed to the Holder following exercise of this Warrant is not made, in whole or in part, as a result
of this limitation, the Company’s obligation to make such delivery shall not be extinguished and the Company shall deliver such
Equity Interests as promptly as practicable after the Holder gives notice to the Company that such delivery would not result in such limitation
being triggered or upon termination of the restriction in accordance with the terms hereof. To the extent limitations contained in this
Section 10 apply, the determination of whether this Warrant is exercisable and of which portion of this Warrant is exercisable
shall be the sole responsibility and in the sole determination of the Holder, and the submission of an Exercise Notice shall be deemed
to constitute the Holder’s determination that the issuance of the full number of Warrant Shares requested in the Exercise Notice
is permitted hereunder, and neither the Company nor any Warrant agent shall have any obligation to verify or confirm the accuracy of such
determination. For purposes of this Section 10, (i) the term “Maximum Percentage” shall mean 4.99%; provided,
that if at any time after the date hereof the Holder Group beneficially owns in excess of 4.99% of any class of Equity Interests in the
Company that is registered under the Exchange Act (excluding any Equity Interests deemed beneficially owned by virtue of this Warrant
or the Note), then the Maximum Percentage shall automatically increase to 9.99% so long as the Holder Group owns in excess of 4.99% of
such class of Equity Interests (and shall, for the avoidance of doubt, automatically decrease to 4.99% upon the Holder Group ceasing to
own in excess of 4.99% of such class of Equity Interests); and (ii) the term “Holder Group” shall mean the Holder plus
any other Person with which the Holder is considered to be part of a group under Section 13 of the Exchange Act or with which the Holder
otherwise files reports under Sections 13 and/or 16 of the Exchange Act. In determining the number of Equity Interests of a particular
class outstanding at any point in time, the Holder may rely on the number of outstanding Equity Interests of such class as reflected in
(x) the Company’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q filed with the Securities and Exchange
Commission, as the case may be, (y) a more recent public announcement by the Company or (z) a more recent notice by the Company or its
transfer agent to the Holder setting forth the number of Equity Interests of such class then outstanding. For any reason at any time,
upon written or oral request of the Holder, the Company shall, within one (1) Trading Day of such request, confirm orally and in writing
to the Holder the number of Equity Interests of any class then outstanding. The provisions of this Section 10 shall be construed,
corrected and implemented in a manner so as to effectuate the intended beneficial ownership limitation herein contained.

 

    -9-

     

    

 

11. REGISTRATION
AND TRANSFER OF WARRANT.

 

11.1. Registration
of Warrant. The Company shall register and record transfers, exchanges, reissuances and cancellations of this Warrant, upon the records
to be maintained by the Company for that purpose, in the name of the record holder hereof from time to time. The Company may deem and
treat the registered holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to
the Holder, and for all other purposes, absent actual notice to the contrary. The Company shall be entitled to rely, and held harmless
in acting or refraining from acting in reliance upon, any notices, instructions or documents it believes in good faith to be from an authorized
representative of the Holder.

 

11.2 Transferability.
This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part,
upon surrender of this Warrant at the principal office of the Company or its designated agent, together with a written assignment of this
Warrant substantially in the form of assignment (the “Assignment Notice”) attached hereto duly executed by the Holder
or its agent or attorney. The Company may require the transferor thereof to provide to the Company an opinion of counsel selected by the
transferor, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer
does not require registration of the transferred Warrant under the 1933 Act. Upon such surrender, the Company shall execute and deliver
a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified
in such Assignment Notice, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this
Warrant shall promptly be cancelled. This Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the
purchase of Exercise Shares without having a new Warrant issued.

 

11.3. New
Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the Company,
together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or
its agent or attorney. Subject to compliance with Section 11.2, as to any transfer which may be involved in such division or combination,
the Company shall execute and deliver a new Warrant or Warrants in exchange for this Warrant or Warrants to be divided or combined in
accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the original Issue Date and shall be identical
with this Warrant except as to the number of Exercise Shares issuable pursuant thereto.

 

    -10-

     

    

 

12. LOSS,
THEFT, DESTRUCTION OR MUTILATION OF WARRANT. The Company covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Exercise Shares, and in case
of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of this Warrant, shall not include
the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company will make
and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of such Warrant or stock certificate.

 

13. REMEDIES.
The Company stipulates that the remedies at law of the Holder in the event of any default or threatened default by the Company in the
performance of or compliance with any of the terms of this Warrant are not and will not be adequate, and that such terms may be specifically
enforced by a decree for the specific performance of any agreement contained herein or by an injunction against a violation of any of
the terms hereof or otherwise.

 

14. NO
RIGHTS AS A STOCKHOLDER. Except as otherwise specifically provided herein, the Holder, solely in such Person’s capacity as a
holder of this Warrant, shall not be entitled to vote or receive dividends or be deemed the holder of share capital of the Company for
any purpose, nor shall anything contained in this Warrant be construed to confer upon the Holder, solely in such Person’s capacity
as the Holder of this Warrant, any of the rights of a stockholder of the Company or any right to vote, give or withhold consent to any
corporate action (whether any reorganization, issue of stock, reclassification of stock, consolidation, merger, conveyance or otherwise),
receive notice of meetings, receive dividends or subscription rights, or otherwise, prior to the issuance to the Holder of the Exercise
Shares.

 

15. NOTICES.
All notices, requests, demands and other communications that are required or may be given pursuant to the terms of this Warrant shall
be in writing and shall be deemed delivered (i) on the date of delivery when delivered by hand on a Business Day during normal business
hours or, if delivered on a day that is not a Business Day or after normal business hours, then on the next Business Day, (ii) on the
date of transmission when sent by facsimile transmission or email during normal business hours on a Business Day with telephone confirmation
of receipt or, if transmitted on a day that is not a Business Day or after normal business hours, then on the next Business Day, or (iii)
on the second Business Day after the date of dispatch when sent by a reputable courier service that maintains records of receipt. The
addresses for notice shall be as set forth in the Purchase Agreement.

 

16. CONSENT
TO AMENDMENTS. Any term of this Warrant may be amended, and the Company may take any action herein prohibited, or compliance therewith
may be waived, only if the Company shall have obtained the written consent (and not without such written consent) to such amendment, action
or waiver from the Holder. No course of dealing between the Company and the Holder nor any delay in exercising any rights hereunder shall
operate as a waiver of any rights of the Holder.

 

17. MISCELLANEOUS.
In case any provision of this Warrant shall be invalid, illegal or unenforceable, or partially invalid, illegal or unenforceable, the
provision shall be enforced to the extent, if any, that it may legally be enforced and the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. If any provision of this Warrant is found to conflict with
the Purchase Agreement, the provisions of this Warrant shall prevail. If any provision of this Warrant is found to conflict with the Note,
the provisions of the Note shall prevail. THIS WARRANT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES
SHALL BE GOVERNED BY, THE INTERNAL LAW OF THE STATE OF NEW YORK EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD
PERMIT THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE. The headings in this Warrant are for purposes of reference
only, and shall not limit or otherwise affect any of the terms hereof.

 

[Remainder of Page Intentionally Left Blank]

 

    -11-

     

    

 

IN WITNESS WHEREOF, the Company
has caused this Warrant to be executed by its duly authorized officer.

 

Dated as of May 27, 2021

 

	 	comsovereign holding corp.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	Name:	Daniel L. Hodges
	 	Title: 	Chief Executive Officer

 

    -12-

     

    

 

FORM OF SUBSCRIPTION

 

(To be signed only on exercise

of Common Stock Purchase Warrant)

 

		TO:	COMSovereign Holding Corp.

 

1. The
undersigned Holder of the attached Warrant hereby elects to exercise its purchase right under such Warrant to purchase shares of Common
Stock of COMSovereign Holding Corp., a Nevada corporation (the “Company”), as follows (check one or more, as applicable):

 

		☐	to exercise the Warrant to purchase __________ shares of Common Stock and to pay the Aggregate Exercise
Price therefor by wire transfer of United States funds to the account of the Company, which transfer has been made prior to or as of the
date of delivery of this Form of Subscription pursuant to the instructions of the Company;

 

and/or

 

		☐	to exercise the Warrant with respect to ____________ shares of Common Stock pursuant to the net exercise
provisions specified in Section 2.3 of the Warrant.

 

2. In
exercising this Warrant, the undersigned Holder hereby confirms and acknowledges that the shares of Common Stock are being acquired solely
for the account of the undersigned and not as a nominee for any other party, and for investment, and that the undersigned shall not offer,
sell or otherwise dispose of any such shares of Common Stock except under circumstances that will not result in a violation of the Securities
Act or any state securities laws. The undersigned hereby further confirms and acknowledges that it is an “accredited investor”,
as that term is defined under the Securities Act.

 

3. Please
issue a stock certificate or certificates representing the appropriate number of shares of Common Stock in the name of the undersigned
or in such other name(s) as is specified below:

 

	Name:	 	 
	 	 	 
	Address: 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	TIN:	 	 

 

	 	 	Dated: 	 
	(Signature must conform exactly to name of Holder as specified on the face of the Warrant)	 	 	 

 

     

     

    

 

FORM OF ASSIGNMENT

(To be signed only on transfer of Warrant)

 

For value received, the undersigned
hereby sells, assigns, and transfers unto ________________ the right represented by the within Warrant to purchase       
shares of Common Stock of COMSovereign Holding Corp., a Nevada corporation, to which the within Warrant relates, and appoints _________________
attorney to transfer such right on the books of COMSovereign Holding Corp., with full power of substitution in the premises.

 

	 	 	 	[insert name of Holder]
	 	 	 	 	 
	Dated: 	                     	 	By:	                     
	 	 	 	 	 
	 	 	 	Title: 	 
	 	 	 	 	 
	 	 	 	[insert address of Holder]

 

	Signed in the presence of:Exhibit 10.4

 

SECURITY AGREEMENT

 

SECURITY AGREEMENT
(this “Agreement”), dated as of May 27, 2021, by and between COMSovereign
holding corp., a Nevada corporation (the “Company”) and LIND GLOBAL ASSET MANAGEMENT IV, LLC
(the “Secured Party”).

 

WHEREAS, the Company
(a) and the Secured Party have entered into that certain Securities Purchase Agreement dated as of the date hereof (as amended and in
effect from time to time, the “SPA”) and (b) issued to the Secured Party that certain Convertible Promissory Note dated
as of the date hereof (as amended and in effect from time to time, the “Note”); and

 

WHEREAS, it is a condition
precedent to the Secured Party agreeing to make loans or otherwise extend credit to the Company under the SPA and the Note that the Company
execute and deliver to the Secured Party a security agreement in substantially the form hereof; and

 

WHEREAS, the Company
wishes to grant security interests in favor of the Secured Party as herein provided;

 

NOW, THEREFORE, in
consideration of the promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

 

1. Definitions.
All capitalized terms used herein without definitions shall have the respective meanings provided therefor in the SPA. All terms defined
in the Uniform Commercial Code of the State (as hereinafter defined) and used herein shall have the same definitions herein as specified
therein, however, if a term is defined in Article 9 of the Uniform Commercial Code of the State differently than in another Article of
the Uniform Commercial Code of the State, the term has the meaning specified in Article 9, and the following terms shall have the following
meanings:

 

“Event of Default”
means the occurrence of any “Event of Default” under and as defined in each of the SPA and the Note.

 

“Lien” means
any mortgage, charge, pledge, hypothecation, security interest, assignment by way of security, lien (statutory or otherwise), encumbrance,
conditional sale agreement, capital lease, financing lease, deposit arrangement, title retention agreement, and any other agreement, trust
or arrangement that in substance secures payment or performance of an obligation.

 

“Obligations”
means, collectively, (a) all debts, liabilities and obligations, present or future, direct or indirect, absolute or contingent, matured
or unmatured, at any time or from time to time due or accruing due and owing by or otherwise payable by the Company to the Secured Party
in any currency, under, in connection with or pursuant to the any Transaction Document (including, without limitation, this Agreement),
and whether incurred by the Company alone or jointly with another or others and whether as principal, guarantor or surety and in whatever
name or style and (b) all expenses, costs and charges incurred by or on behalf of the Secured Party in connection with any Transaction
Document (including this Agreement) or the Collateral, including all legal fees, court costs, receiver’s or agent’s remuneration
and other expenses of taking possession of, repairing, protecting, insuring, preparing for disposition, realizing, collecting, selling,
transferring, delivering or obtaining payment for the Collateral, and of taking, defending or participating in any action or proceeding
in connection with any of the foregoing matters or otherwise in connection with the Secured Party’s interest in any Collateral, whether
or not directly relating to the enforcement of this Agreement or any other Transaction Document.

 

     

     

    

 

“Permitted Lien”
means any of the following: (a) mechanics and materialman Liens and other statutory Liens (including Liens for taxes, fees, assessments
and other governmental charges or levies) in respect of any amount (i) which is not at the time overdue or (ii) which may be overdue but
the validity of which is being contested at the time in good faith by appropriate proceedings and for which the Company has maintained
adequate reserves, in each case so long as the holder of such Lien has not taken any action to foreclose or otherwise exercise any remedies
with respect to such Lien; and (b) Liens which are permitted in writing by the Secured Party in its sole and absolute discretion.

 

“State” means
the State of New York.

 

2. Grant
of Security Interest.

 

2.1. Grant;
Collateral Description. The Company hereby grants to the Secured
Party, to secure the payment and performance in full of all of the Obligations, a security interest in and pledges and assigns to the
Secured Party the following properties, assets and rights of the Company, wherever located, whether now owned or hereafter acquired or
arising, and all proceeds and products thereof (all of the same being hereinafter called the “Collateral”): all personal
and fixture property of every kind and nature including all goods (including inventory, equipment and any accessions thereto), instruments
(including promissory notes), documents (whether tangible or electronic), accounts (including health-care-insurance receivables), chattel
paper (whether tangible or electronic), deposit accounts, letter-of-credit rights (whether or not the letter of credit is evidenced by
a writing), commercial tort claims, securities and all other investment property, supporting obligations, any other contract rights or
rights to the payment of money, insurance claims and proceeds, and all general intangibles (including all payment intangibles). 

 

2.2. Excluded
Collateral. The grant of the security interest contained in §2.1
shall not extend to, and the term “Collateral” shall not include, any investment property consisting of the equity interests
of any Subsidiary (any investment property consisting of the equity interests of any Subsidiary is hereinafter referred to as the “Excluded
Assets”), provided that the grant of the security interest contained in §2.1 shall include any and all proceeds thereof.

 

2.3. Commercial
Tort Claims. The Secured Party acknowledges that the attachment
of its security interest in any commercial tort claim as original collateral is subject to the Company’s compliance with §4.7.

 

3. Authorization
to File Financing Statements. The Company hereby irrevocably authorizes
the Secured Party at any time and from time to time to file in any filing office in any Uniform Commercial Code jurisdiction any initial
financing statements and amendments thereto that (a) indicate the Collateral (i) as all assets of the Company or words of similar effect,
regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the Uniform Commercial Code
of the State or such jurisdiction, or (ii) as being of an equal or lesser scope or with greater detail, and (b) provide any other information
required by part 5 of Article 9 of the Uniform Commercial Code of the State or such other jurisdiction for the sufficiency or filing office
acceptance of any financing statement or amendment, including whether the Company is an organization, the type of organization and any
organizational identification number issued to the Company. The Company agrees to furnish any such information to the Secured Party promptly
upon the Secured Party’s request. 

 

    2

     

    

 

4. Other
Actions. Further to insure the attachment, perfection and first
priority of, and the ability of the Secured Party to enforce, the Secured Party’s security interest in the Collateral, the Company agrees,
in each case at the Company’s own expense, to take the following actions with respect to the following Collateral and without limitation
on the Company’s other obligations contained in this Agreement:

 

4.1. Promissory
Notes and Tangible Chattel Paper. If the Company shall, now
or at any time hereafter, hold or acquire any promissory notes or tangible chattel paper, the Company shall forthwith endorse, assign
and deliver the same to the Secured Party, accompanied by such instruments of transfer or assignment duly executed in blank as the Secured
Party may from time to time specify.

 

4.2. Deposit
Accounts. For each deposit account that the Company, now or at any
time hereafter, opens or maintains the Company shall, at the Secured Party’s request and option, pursuant to an agreement in form and
substance satisfactory to the Secured Party, cause the depositary bank to agree to comply without further consent of the Company, at any
time with instructions from the Secured Party to such depositary bank directing the disposition of funds from time to time credited to
such deposit account. The Secured Party agrees with the Company that the Secured Party shall not give any such instructions or withhold
any withdrawal rights from the Company, unless an Event of Default has occurred and is continuing, or, if effect were given to any withdrawal
not otherwise permitted by the Transaction Documents, would occur. The provisions of this paragraph shall not apply to any deposit accounts
specially and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of the Company’s
salaried employees.

 

4.3. Investment
Property. If the Company shall, now or at any time hereafter,
hold or acquire any certificated securities (other than those which constitute Excluded Assets, the Company shall forthwith endorse, assign
and deliver the same to the Secured Party, accompanied by such instruments of transfer or assignment duly executed in blank as the Secured
Party may from time to time specify. If any securities now or hereafter acquired by the Company which constitute Collateral are uncertificated
and are issued to the Company or its nominee directly by the issuer thereof, the Company shall immediately notify the Secured Party thereof
and, at the Secured Party’s request and option, pursuant to an agreement in form and substance satisfactory to the Secured Party, cause
the issuer to agree to comply without further consent of the Company or such nominee, at any time with instructions from the Secured Party
as to such securities. If any securities, whether certificated or uncertificated, or other investment property now or hereafter acquired
by the Company and which constitute Collateral are held by the Company or its nominee through a securities intermediary or commodity intermediary,
the Company shall immediately notify the Secured Party thereof and, at the Secured Party’s request and option, pursuant to an agreement
in form and substance satisfactory to the Secured Party, cause such securities intermediary or (as the case may be) commodity intermediary
to agree to comply, in each case without further consent of the Company or such nominee, at any time with entitlement orders or other
instructions from the Secured Party to such securities intermediary as to such securities or other investment property, or (as the case
may be) to apply any value distributed on account of any commodity contract as directed by the Secured Party to such commodity intermediary.
The Secured Party agrees with the Company that the Secured Party shall not give any such entitlement orders or instructions or directions
to any such issuer, securities intermediary or commodity intermediary, and shall not withhold its consent to the exercise of any withdrawal
or dealing rights by the Company, unless an Event of Default has occurred and is continuing, or, after giving effect to any such investment
and withdrawal rights not otherwise permitted by the Transaction Documents, would occur. The provisions of this paragraph shall not apply
to any financial assets credited to a securities account for which the Secured Party is the securities intermediary.

 

    3

     

    

 

4.4. Collateral
in the Possession of a Bailee. If any goods are at an time
in the possession of a bailee, the Company shall promptly notify the Secured Party thereof and, if requested by the Secured Party, shall
promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such
Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, without the further consent
of the Company.

 

4.5. Electronic
Chattel Paper, Electronic Documents and Transferable Records. If
the Company, now or at any time hereafter, holds or acquires an interest in any Collateral that is electronic chattel paper, any electronic
document or any “transferable record,” as that term is defined in Section 201 of the federal Electronic Signatures in Global
and National Commerce Act, or in §16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Company
shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, shall take such action as the Secured
Party may reasonably request to vest in the Secured Party control, under §9-105 of the Uniform Commercial Code of the State or any
other relevant jurisdiction, of such electronic chattel paper, control, under §7-106 of the Uniform Commercial Code of the State
or any other relevant jurisdiction, of such electronic document or control, under Section 201 of the federal Electronic Signatures in
Global and National Commerce Act or, as the case may be, §16 of the Uniform Electronic Transactions Act, as so in effect in such
jurisdiction, of such transferable record. The Secured Party agrees with the Company that the Secured Party will arrange, pursuant to
procedures satisfactory to the Secured Party and so long as such procedures will not result in the Secured Party’s loss of control, for
the Company to make alterations to the electronic chattel paper, electronic document or transferable record permitted under UCC §9-105,
UCC §7-106, or, as the case may be, Section 201 of the federal Electronic Signatures in Global and National Commerce Act or §16
of the Uniform Electronic Transactions Act for a party in control to make without loss of control, unless an Event of Default has occurred
and is continuing or would occur after taking into account any action by the Company with respect to such electronic chattel paper, electronic
document or transferable record. The provisions of this §4.5 relating to electronic documents and “control” under UCC §7-106
apply in the event that the 2003 revisions to Article 7, with amendments to Article 9, of the Uniform Commercial Code, in substantially
the form approved by the American Law Institute and the National Conference of Commissioners on Uniform State Laws, are now or hereafter
adopted and become effective in the State or in any other relevant jurisdiction.

 

4.6. Letter-of-Credit
Rights. If the Company is at any time a beneficiary under a letter
of credit now or hereafter issued in favor of the Company, the Company shall promptly notify the Secured Party thereof and, at the request
and option of the Secured Party, the Company shall, pursuant to an agreement in form and substance satisfactory to the Secured Party,
either (a) arrange for the issuer and any confirmer of such letter of credit to consent to an assignment to the Secured Party of the proceeds
of the letter of credit or (b) arrange for the Secured Party to become the transferee beneficiary of the letter of credit.

 

4.7. Commercial
Tort Claims. If the Company shall at any time hold or acquire
a commercial tort claim, the Company shall immediately notify the Secured Party in a writing signed by the Company of the particulars
thereof and grant to the Secured Party in such writing a security interest therein and in the proceeds thereof, all upon the terms of
this Agreement, with such writing to be in form and substance satisfactory to the Secured Party.

    4

     

    

 

4.8. Other
Actions as to any and all Collateral. The Company further agrees
to take any and all other actions reasonably requested in writing by the Secured Party to ensure the attachment, perfection and first
priority of, and the ability of the Secured Party to enforce, the Secured Party’s security interest in any and all of the Collateral,
including (a) executing, delivering and, where appropriate, filing financing statements and amendments relating thereto under the Uniform
Commercial Code of any relevant jurisdiction, to the extent, if any, that the Company’s signature thereon is required therefor, (b) causing
the Secured Party’s name to be noted as secured party on any certificate of title for a titled good if such notation is a condition to
attachment, perfection or priority of, or ability of the Secured Party to enforce, the Secured Party’s security interest in such Collateral,
(c) complying with any provision of any statute, regulation or treaty of the United States as to any Collateral if compliance with such
provision is a condition to attachment, perfection or priority of, or ability of the Secured Party to enforce, the Secured Party’s security
interest in such Collateral, (d) obtaining governmental and other third party waivers, consents and approvals, in form and substance satisfactory
to the Secured Party, including any consent of any licensor, lessor or other person obligated on Collateral, (e) obtaining waivers from
mortgagees and landlords in form and substance satisfactory to the Secured Party and (f) taking all actions under any earlier versions
of the Uniform Commercial Code or under any other law, as reasonably determined by the Secured Party to be applicable in any relevant
Uniform Commercial Code or other jurisdiction, including any foreign jurisdiction.

 

4.9. Patent
and Trademark Assignments. Concurrently herewith (to the extent
of any federally registered patents and/or trademarks owned by the Company on the date hereof) or, in the case of federally registered
patents and/or trademarks acquired after the date hereof, promptly upon the Company becoming the owner thereof, the Company is executing
and delivering to the Secured Party or will execute and deliver to the Secured Party, as the case may be, the Patent Assignment and the
Trademark Assignment pursuant to which the Company is collaterally assigning to the Secured Party certain Collateral consisting of patents
and patent rights and trademarks, service marks and trademark and service mark rights, together with the goodwill appurtenant thereto.
The provisions of the Patent Assignment and the Trademark Assignment are supplemental to the provisions of this Agreement, and nothing
contained in the Patent Assignment or the Trademark Assignment shall derogate from any of the rights or remedies of the Secured Party
hereunder. Nor shall anything contained in the Patent Assignment or the Trademark Assignment be deemed to prevent or extend the time of
attachment or perfection of any security interest in such Collateral created hereby.

 

5. Representations
and Warranties Concerning a Company’s Legal Status. The Company
has, on the date hereof, delivered to the Secured Party a certificate signed by the Company and entitled “Perfection Certificate”
(the “Perfection Certificate”). The Company represents and warrants to the Secured Party as follows: as of the date hereof
(a) the Company’s exact legal name is that indicated on the Perfection Certificate and on the signature page hereof, (b) the Company is
an organization of the type, and is organized in the jurisdiction, set forth in the Perfection Certificate, (c) the Perfection Certificate
accurately sets forth the Company’s organizational identification number or accurately states that the Company has none, (d) the Perfection
Certificate accurately sets forth the Company’s place of business or, if more than one, its chief executive office, as well as the Company’s
mailing address, if different, (e) all other information set forth on the Perfection Certificate pertaining to the Company is accurate
and complete, and (f) there has been no change in any of such information since the date on which the Perfection Certificate was signed
by the Company.

 

6. Covenants
Concerning Company’s Legal Status. The Company covenants with the
Secured Party as follows: (a) without providing at least thirty (30) days prior written notice to the Secured Party, the Company will
not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification
number if it has one, (b) if the Company does not have an organizational identification number and later obtains one, the Company will
forthwith notify the Secured Party of such organizational identification number, and (c) the Company will not change its type of organization,
jurisdiction of organization or other legal structure.

 

    5

     

    

 

7. Representations
and Warranties Concerning Collateral, Etc. The Company further represents
and warrants to the Secured Party as follows: (a) the Company is the owner of or has other rights in or power to transfer the Collateral,
free from any right or claim of any person or any adverse lien, except for the security interest created by this Agreement and the Permitted
Liens, (b) none of the account debtors or other persons obligated on any of the Collateral is a governmental authority covered by the
Federal Assignment of Claims Act or like federal, state or local statute or rule in respect of such Collateral, (c) the Company holds
no commercial tort claim except as indicated on the Company’s Perfection Certificate, (d) all other information set forth on the Company’s
Perfection Certificate pertaining to the Collateral is accurate and complete in all material respects, (e) the Company has at all times
operated its business in compliance in all material respects with all applicable provisions of the federal Fair Labor Standards Act, as
amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage
or disposal of hazardous materials or substances and (f) there has been no change in any of such information since the date on which the
Company’s Perfection Certificate was signed by the Company.

 

8. Covenants
Concerning Collateral, Etc. The Company further covenants with the
Secured Party as follows: (a) other than inventory sold in the ordinary course of business consistent with past practices, the Collateral,
to the extent not delivered to the Secured Party pursuant to §4, will be kept at those locations listed on the Perfection Certificate
and the Company will not remove the Collateral from such locations, without providing at least thirty (30) days prior written notice to
the Secured Party, (b) except for the security interest herein granted, the Company shall be the owner of or have other rights in the
Collateral free from any right or claim of any other person or any Lien (other than Permitted Liens), and the Company shall defend the
same against all claims and demands of all persons at any time claiming the same or any interests therein adverse to the Secured Party,
(c) other than in favor of the Secured Party, the Company shall not pledge, mortgage or create, or suffer to exist any right of any person
in or claim by any person to the Collateral, or any Lien in the Collateral in favor of any person, or become bound (as provided in Section
9-203(d) of the Uniform Commercial Code of the State or any other relevant jurisdiction or otherwise) by a security agreement in favor
of any person as secured party, (d) the Company will permit the Secured Party, or its designee, to inspect the Collateral at any reasonable
time, wherever located, (e) the Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral
or incurred in connection with the use or operation of the Collateral or incurred in connection with this Agreement, and (f) the Company
will not sell or otherwise dispose, or offer to sell or otherwise dispose, of the Collateral, or any interest therein except for dispositions
of obsolete or worn-out property, the granting of non-exclusive licenses in the ordinary course of business, and the sale of inventory
in the ordinary course of business consistent with past practices.

 

9. Collateral
Protection Expenses; Preservation of Collateral.

 

9.1. Expenses
Incurred by Secured Party. In the Secured Party’s discretion, the
Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, and pay any necessary
filing fees or insurance premiums, in each case if the Company fails to do so. The Company agrees to reimburse the Secured Party on demand
for all expenditures so made. The Secured Party shall have no obligation to the Company to make any such expenditures, nor shall the making
thereof be construed as a waiver or cure of any default or Event of Default.

 

9.2. Secured
Party’s Obligations and Duties. Anything herein to the contrary
notwithstanding, the Company shall remain obligated and liable under each contract or agreement comprised in the Collateral to be observed
or performed by the Company thereunder. The Secured Party shall not have any obligation or liability under any such contract or agreement
by reason of or arising out of this Agreement or the receipt by the Secured Party of any payment relating to any of the Collateral, nor
shall the Secured Party be obligated in any manner to perform any of the obligations of the Company under or pursuant to any such contract
or agreement, to make inquiry as to the nature or sufficiency of any payment received by the Secured Party in respect of the Collateral
or as to the sufficiency of any performance by any party under any such contract or agreement, to present or file any claim, to take any
action to enforce any performance or to collect the payment of any amounts which may have been assigned to the Secured Party or to which
the Secured Party may be entitled at any time or times. The Secured Party’s sole duty with respect to the custody, safe keeping and physical
preservation of the Collateral in its possession, under §9-207 of the Uniform Commercial Code of the State or otherwise, shall be
to deal with such Collateral in the same manner as the Secured Party deals with similar property for its own account, but with no duty
to preserve rights against prior parties.

 

    6

     

    

 

10. Securities
and Deposits. The Secured Party may at any time following and during
the continuance of an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral,
receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations
are due, the Secured Party may, following and during the continuance of an Event of Default demand, sue for, collect, or make any settlement
or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security
for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be
applied to or set off against any of the Obligations then due and owing.

 

11. Notification
to Account Debtors and Other Persons Obligated on Collateral. If
an Event of Default shall have occurred and be continuing:

 

(a)
the Company shall, at the request and option of the Secured Party, notify account debtors and other persons obligated on any of the Collateral
of the security interest of the Secured Party in any account, chattel paper, general intangible, instrument or other Collateral and that
payment thereof is to be made directly to the Secured Party or to any financial institution designated by the Secured Party as the Secured
Party’s agent therefor;

 

(b)
the Secured Party may itself, without notice to or demand upon the Company, so notify account debtors and other persons obligated on Collateral;

 

(c)
after the making of such a request or the giving of any such notification, the Company shall hold any proceeds of collection of accounts,
chattel paper, general intangibles, instruments and other Collateral received by the Company as trustee for the Secured Party, for the
benefit of the Secured Party, without commingling the same with other funds of the Company and shall turn the same over to the Secured
Party in the identical form received, together with any necessary endorsements or assignments; and

 

(d) the
Secured Party shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral
and received by the Secured Party to the payment of the Obligations, such proceeds to be immediately credited after final payment in cash
or other immediately available funds of the items giving rise to them.

 

    7

     

    

 

12. Power
of Attorney.

 

12.1. Appointment
and Powers of Secured Party. The Company hereby irrevocably constitutes
and appoints the Secured Party and any officer or agent thereof, with full power of substitution, as its true and lawful attorneys-in-fact
with full irrevocable power and authority in the place and stead of the Company or in the Secured Party’s own name, for the purpose of
carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments
that may be necessary or useful to accomplish the purposes of this Agreement and, without limiting the generality of the foregoing, hereby
gives said attorneys the power and right, on behalf of the Company, without notice to or assent by the Company, to do the following:

 

(a) upon
the occurrence and during the continuance of an Event of Default, generally to sell, transfer, pledge, make any agreement with respect
to or otherwise dispose of or deal with any of the Collateral in such manner as is consistent with the Uniform Commercial Code of the
State or any other relevant jurisdiction and as fully and completely as though the Secured Party were the absolute owner thereof for all
purposes, and to do, at the Company’s expense, at any time, or from time to time, all acts and things which the Secured Party deems necessary
or useful to protect, preserve or realize upon the Collateral and the Secured Party’s security interest therein, in order to effect the
intent of this Agreement, all no less fully and effectively as the Company might do, including (i) upon written notice to the Company,
the exercise of voting rights with respect to voting securities, which rights may be exercised, if the Secured Party so elects, with a
view to causing the liquidation of assets of the issuer of any such securities and (ii) the execution, delivery and recording, in connection
with any sale or other disposition of any Collateral, of the endorsements, assignments or other instruments of conveyance or transfer
with respect to such Collateral; and

 

(b) to
the extent that the Company’s authorization given in §3 is not sufficient, to file such financing statements with respect hereto,
with or without the Company’s signature, or a photocopy of this Agreement in substitution for a financing statement, as the Secured Party
may deem appropriate and to execute in the Company’s name such financing statements and amendments thereto and continuation statements
which may require the Company’s signature.

 

12.2. Ratification
by Company. To the extent permitted by law, the Company hereby ratifies
all that said attorneys shall lawfully do or cause to be done by virtue hereof. This power of attorney is a power coupled with an interest
and is irrevocable.

 

12.3. No
Duty on Secured Party. The powers conferred on the Secured Party
hereunder are solely to protect the interests of the Secured Party in the Collateral and shall not impose any duty upon the Secured Party
to exercise any such powers. The Secured Party shall be accountable only for the amounts that it actually receives as a result of the
exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to the Company for
any act or failure to act, except for the Secured Party’s own gross negligence or willful misconduct.

 

    8

     

    

 

13. Rights
and Remedies. If an Event of Default shall have occurred and be
continuing, the Secured Party, without any other notice to or demand upon the Company, shall have in any jurisdiction in which enforcement
hereof is sought, in addition to all other rights and remedies, the rights and remedies of a secured party under the Uniform Commercial
Code of the State or any other relevant jurisdiction and any additional rights and remedies as may be provided to a secured party in any
jurisdiction in which Collateral is located, including the right to take possession of the Collateral, and for that purpose the Secured
Party may, so far as the Company can give authority therefor, enter upon any premises on which the Collateral may be situated and remove
the same therefrom. The Secured Party may in its discretion require the Company to assemble all or any part of the Collateral at such
location or locations within the jurisdiction(s) of the Company’s principal office(s) or at such other locations as the Secured Party
may reasonably designate. Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold
on a recognized market, the Secured Party shall give to the Company at least ten (10) Business Days prior written notice of the time and
place of any public sale of Collateral or of the time after which any private sale or any other intended disposition is to be made. The
Company hereby acknowledges that ten (10) Business Days prior written notice of such sale or sales shall be reasonable notice. In addition,
the Company waives any and all rights that it may have to a judicial hearing in advance of the enforcement of any of the Secured Party’s
rights and remedies hereunder, including its right following an Event of Default to take immediate possession of the Collateral and to
exercise its rights and remedies with respect thereto.

 

14. Standards
for Exercising Rights and Remedies. To the extent that applicable
law imposes duties on the Secured Party to exercise remedies in a commercially reasonable manner, the Company acknowledges and agrees
that it is not commercially unreasonable for the Secured Party (a) to fail to incur expenses reasonably deemed significant by the Secured
Party to prepare Collateral for disposition or otherwise to fail to complete raw material or work in process into finished goods or other
finished products for disposition, (b) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain
or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral
to be collected or disposed of, (c) to fail to exercise collection remedies against account debtors or other persons obligated on Collateral
or to fail to remove Liens on or any adverse claims against Collateral, (d) to exercise collection remedies against account debtors and
other persons obligated on the Collateral directly or through the use of collection agencies and other collection specialists, (e) to
advertise dispositions of the Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized
nature, (f) to contact other persons, whether or not in the same business as the Company, for expressions of interest in acquiring all
or any portion of the Collateral, (g) to hire one or more professional auctioneers to assist in the disposition of the Collateral, whether
or not the collateral is of a specialized nature, (h) to dispose of the Collateral by utilizing Internet sites that provide for the auction
of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers
of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim disposition warranties, (k) to purchase insurance
or credit enhancements to insure the Secured Party against risks of loss, collection or disposition of the Collateral or to provide to
the Secured Party a guaranteed return from the collection or disposition of such Collateral, or (l) to the extent deemed appropriate by
the Secured Party, to obtain the services of brokers, investment bankers, consultants and other professionals to assist the Secured Party
in the collection or disposition of any of the Collateral. The Company acknowledges that the purpose of this §14 is to provide non-exhaustive
indications of what actions or omissions by the Secured Party would fulfill the Secured Party’s duties under the Uniform Commercial Code
of the State or any other relevant jurisdiction in the Secured Party’s exercise of remedies against the Collateral and that other actions
or omissions by the Secured Party shall not be deemed to fail to fulfill such duties solely on account of not being indicated in this
§14. Without limitation upon the foregoing, nothing contained in this §14 shall be construed to grant any rights to the Company
or to impose any duties on the Secured Party that would not have been granted or imposed by this Agreement or by applicable law in the
absence of this §14. 

 

15. No
Waiver by Secured Party, etc. The Secured Party shall not be deemed
to have waived any of its rights and remedies in respect of the Obligations or the Collateral unless such waiver shall be in writing and
signed by the Secured Party. No delay or omission on the part of the Secured Party in exercising any right or remedy shall operate as
a waiver of such right or remedy or any other right or remedy. A waiver on any one occasion shall not be construed as a bar to or waiver
of any right or remedy on any future occasion. All rights and remedies of the Secured Party with respect to the Obligations or the Collateral,
whether evidenced hereby or by any other instrument or papers, shall be cumulative and may be exercised singularly, alternatively, successively
or concurrently at such time or at such times as the Secured Party deems expedient.

 

    9

     

    

 

16. Suretyship
Waivers by Company. The Company waives demand, notice, protest,
notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken
in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, the
Company assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release
of or failure to perfect any security interest in any such Collateral, to the addition or release of any party or person primarily or
secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in
such manner and at such time or times as the Secured Party may deem advisable. The Secured Party shall have no duty as to the collection
or protection of the Collateral or any income therefrom, the preservation of rights against prior parties, or the preservation of any
rights pertaining thereto beyond the safe custody thereof as set forth in §9.2. The Company further waives any and all other suretyship
defenses.

 

17. Marshaling.
The Secured Party shall not be required to marshal any present or future collateral security (including but not limited to the Collateral)
for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security or other assurances of
payment in any particular order, and all of the rights and remedies of the Secured Party hereunder and of the Secured Party in respect
of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however
existing or arising. To the extent that it lawfully may, the Company hereby agrees that it will not invoke any law relating to the marshaling
of collateral which might cause delay in or impede the enforcement of the Secured Party’s rights and remedies under this Agreement or
under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which
any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, the Company hereby
irrevocably waives the benefits of all such laws.

 

18. Proceeds
of Dispositions; Expenses. The Company shall pay to the Secured
Party on demand any and all expenses, including attorneys’ fees and disbursements, incurred or paid by the Secured Party in protecting
or preserving the Secured Party’s rights and remedies under or in respect of any of the Obligations or any of the Collateral and any such
expenses incurred in releasing any security interest granted hereunder and, in addition, the Company shall pay to the Secured Party on
demand any and all expenses, including attorneys’ fees and disbursements, incurred or paid by the Secured Party in enforcing the Secured
Party’s rights and remedies under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses,
the residue of any proceeds of collection or sale or other disposition of Collateral shall, to the extent actually received in cash, be
applied to the payment of the Obligations in such order or preference as is provided in the SPA, proper allowance and provision being
made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any
payments required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial Code of the State, any excess shall be returned
to the Company. In the absence of final payment and satisfaction in full of all of the Obligations, the Company shall remain liable for
any deficiency.

 

19. Overdue
Amounts. Until paid, all amounts due and payable by the Company
hereunder shall be a debt secured by the Collateral.

 

20. Governing
Law; Consent to Jurisdiction. This
Agreement IS A contract UNDER the laws of the state of NEW YORK and shall for all purposes be construed in accordance with and governed
by the laws of SAID state of NEW YORK. The Company and THE SECURED PARTY EACH agree that any suit for the enforcement of this agreement
or any other action brought by SUCH PERSON arising hereunder or in any way related to this agreement SHALL BE BROUGHT IN
THE COURTS OF THE STATE OF NEW YORK IN THE BOROUGH OF MANHATTAN OR ANY FEDERAL COURT SITTING THEREIN AND CONSENTS TO THE NONEXCLUSIVE
JURISDICTION OF SUCH COURT AND SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE UPON SUCH PERSON BY MAIL AT THE ADDRESS SPECIFIED ON THE
SIGNATURE PAGE OF EACH PARTY HERETO. the Company hereby waives any objection that it may now or
hereafter have to the venue of any suit BROUGHT IN the state of new york or any court SITTING THEREIN or that A suit BROUGHT THEREIN is
brought in an inconvenient court.

 

    10

     

    

 

21. Waiver
of Jury Trial. THE COMPANY AND THE SECURED PARTY WAIVES ITS RIGHT
TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT, ANY RIGHTS OR OBLIGATIONS
HEREUNDER OR THE PERFORMANCE OR ENFORCEMENT OF ANY SUCH RIGHTS OR OBLIGATIONS. Except as prohibited by law, the Company waives any right
which it may have to claim or recover in any litigation referred to in the preceding sentence any special, exemplary, punitive or consequential
damages or any damages other than, or in addition to, actual damages. The Company (a) certifies that neither the Secured Party nor any
representative, agent or attorney of the Secured Party has represented, expressly or otherwise, that the Secured Party would not, in the
event of litigation, seek to enforce the foregoing waivers or other waivers contained in this Agreement and (b) acknowledges that, in
entering into this Agreement and any other Transaction Document to which the Secured Party is a party, the Secured Party is relying upon,
among other things, the waivers and certifications contained in this §21.

 

22. Notices.
All notices, requests and other communications hereunder shall be made in the manner set forth in the SPA.

 

23. Miscellaneous.
The headings of each section of this Agreement are for convenience only and shall not define or limit the provisions thereof. This Agreement
and all rights and obligations hereunder shall be binding upon the Company and its successors and assigns, and shall inure to the benefit
of the Secured Party and its successors and assigns. If any term of this Agreement shall be held to be invalid, illegal or unenforceable,
the validity of all other terms hereof shall in no way be affected thereby, and this Agreement shall be construed and be enforceable as
if such invalid, illegal or unenforceable term had not been included herein. The Company acknowledges receipt of a copy of this Agreement.

 

[Signature pages to follow]

 

    11

     

    

 

IN WITNESS WHEREOF,
intending to be legally bound, the Company has caused this Agreement to be duly executed as of the date first above written.

 

	 	COMSOVEREIGN HOLDING CORP.
	 	By:	/s/
    Daniel L. Hodges
	 	 	Name: 	Daniel L. Hodges
	 	 	Title:	Chief Executive Officer

 

Accepted:

 

	LIND GLOBAL ASSET MANAGEMENT IV, LLC
	 	 	 
	By:	/s/ Jeff Easton	 
	 	Name: 	Jeff Easton	 
	 	Title: 	Authorized Signatory	 

 

     

     

    

 

CERTIFICATE OF ACKNOWLEDGMENT

 

	STATE OF ARIZONA 	)	 
	 	)  ss.	 
	COUNTY OF PIMA	)	 

 

Before me, the undersigned,
a Notary Public in and for the county aforesaid, on this 27th day of May, 2021, personally appeared Daniel L. Hodges to me known personally,
and who, being by me duly sworn, deposes and says that he is the Chief Executive Officer of COMSovereign Holding Corp. and that said instrument
was signed and sealed on behalf of said corporation by authority of its Board of Directors, and said Daniel L. Hodges acknowledged said
instrument to be the free act and deed of said corporation.

 

	 	
	 	(official signature and seal of notary)
	 	 
	 	My commission expires:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}]]