Document:

Exhibit 4.1

 

DESCRIPTION OF THE COMPANY’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

COMSovereign Holding Corp.
(the “Company”) has three classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”): (i) our common stock and (ii) our 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock
and (iii) our publicly-traded warrants (the “Warrants”).

 

DESCRIPTION OF CAPITAL STOCK

 

The following description of our common stock
and Series A Preferred Stock is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference
to the complete text of our Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”), including
the Certificate of Designations relating to our Series A Preferred Stock (the “Certificate of Designations”), and our Amended
and Restated Bylaws (the “Bylaws”), each of which are incorporated by reference as an exhibit to the Annual Report on Form
10-K of which this Exhibit 4.1 is a part. We encourage you to read our Certificate of Incorporation, the Certificate of Designations,
our Bylaws and the applicable provisions of the Nevada Revised Statutes (“NRS”) for additional information.

 

Our authorized capital stock consists of 300,000,000
shares of common stock, par value $0.0001 per share (our “common stock”), and 100,000,000 shares of preferred stock, par value
$0.0001 per share, of which 600,000 shares have been designated as 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock
(our “Series A Preferred Stock”).

 

As of March 31, 2022, 83,770,939 shares of common
stock and 320,000 shares of Series A Preferred Stock were issued and outstanding.

 

Common Stock

 

General

 

The following summary of certain provisions of
our common stock does not purport to be complete. This description is summarized from, and is qualified in its entirety by reference to,
our amended and restated articles of incorporation and our amended and restated bylaws, to which you should refer and both of which are
incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.1 is a part. The summary below is also
qualified by provisions of applicable law, including Chapters 78 and 92A of the Nevada Revised Statutes (the “NRS”), as applicable
to corporations.

 

Voting, Dividend and Other Rights. Each
outstanding share of common stock entitles the holder to one vote on all matters presented to the shareholders for a vote. Holders of
shares of common stock have no cumulative voting, pre-emptive, subscription or conversion rights. All shares of common stock to be issued
pursuant to this registration statement will be duly authorized, fully paid and non-assessable. Our board of directors determines if and
when distributions may be paid out of legally available funds to the holders. To date, we have not declared any dividends with respect
to our common stock. Our declaration of any cash dividends in the future will depend on our board of directors’ determination as
to whether, in light of our earnings, financial position, cash requirements and other relevant factors existing at the time, it appears
advisable to do so. We do not anticipate paying cash dividends on the common stock in the foreseeable future.

 

Rights Upon Liquidation. Upon
liquidation, subject to the right of any holders of the preferred stock to receive preferential distributions, each outstanding share
of common stock may participate pro rata in the assets remaining after payment of, or adequate provision for, all our known debts and
liabilities.

 

     

     

    

 

Majority Voting. The
holders of a majority of the outstanding shares of common stock constitute a quorum at any meeting of the shareholders. A plurality of
the votes cast at a meeting of shareholders elects our directors. The common stock does not have cumulative voting rights. Therefore,
the holders of a majority of the outstanding shares of common stock can elect all of our directors. In general, a majority of the votes
cast at a meeting of shareholders must authorize shareholder actions other than the election of directors. Most amendments to our articles
of incorporation require the vote of the holders of a majority of all outstanding voting shares.

 

All issued and outstanding shares of common stock
are fully paid and nonassessable. Shares of our common stock that may be offered, from time to time, under this prospectus will be fully
paid and nonassessable.

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our common
stock is ClearTrust, LLC. ClearTrust, LLC’s address is 16540 Pointe Village Drive, Suite 210, Lutz, FL 33558 and its telephone
number is (813) 235-4490.

 

Stock Exchange Listing

 

Our common stock is listed for quotation on the
Nasdaq Capital Market under the symbol “COMS.”

 

Anti-Takeover Effects of Certain Provisions of Our Articles of
Incorporation, as Amended, and Our Bylaws

 

Provisions of our articles of incorporation, as
amended, and our bylaws could make it more difficult to acquire us by means of a merger, tender offer, proxy contest, open market purchases,
removal of incumbent directors and otherwise. These provisions, which are summarized below, are expected to discourage types of coercive
takeover practices and inadequate takeover bids and to encourage persons seeking to acquire control of us to first negotiate with us.
We believe that the benefits of increased protection of our potential ability to negotiate with the proponent of an unfriendly or unsolicited
proposal to acquire or restructure us outweigh the disadvantages of discouraging takeover or acquisition proposals because negotiation
of these proposals could result in an improvement of their terms.

 

Calling of Special Meetings of Stockholders. Our
bylaws provide that special meetings of the stockholders may be called only by the chief executive officer, if any, or the president or
the board of directors.

 

Removal of Directors; Vacancies. Our
bylaws provide that a director may be removed either for or without cause at any special meeting of stockholders by the affirmative vote
of at least two-thirds of the voting power of the issued and outstanding stock entitled to vote; provided, however, that notice of intention
to act upon such matter shall have been given in the notice calling such meeting.

 

Amendment of Bylaws. The
bylaws provide that the bylaws may be altered, amended or repealed at any meeting of the board of directors at which a quorum is present,
by the affirmative vote of a majority of the directors present at such meeting.

 

Preferred Stock. Our
articles of incorporation, as amended, authorize the issuance of up to 100,000,000 shares of preferred stock with such rights and preferences
as may be determined from time to time by our board of directors in their sole discretion. Our board of directors may, without stockholder
approval, issue series of preferred stock with dividends, liquidation, conversion, voting or other rights that could adversely affect
the voting power or other rights of the holders of our common stock.

 

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Series A Preferred Stock

 

Ranking

 

The Series A Preferred Stock will rank, with
respect to distribution rights and rights upon voluntary or involuntary liquidation, dissolution or winding up of our affairs:

 

		●	senior to all classes or series of our common stock and to
any other class or series of our capital stock expressly designated as ranking junior to the Series A Preferred Stock;

 

		●	on parity with any class or series of our capital stock expressly
designated as ranking on parity with the Series A Preferred Stock, none of which exists on the date hereof; and

 

		●	junior to any other class or series of our capital stock expressly
designated as ranking senior to the Series A Preferred Stock, none of which exists on the date hereof.

 

The term “capital stock” does not include
convertible or exchangeable debt securities, which, prior to conversion or exchange, will rank senior in right of payment to the Series A
Preferred Stock. The Series A Preferred Stock will also rank junior in right of payment to our other existing and future debt obligations.

 

Dividends

 

Subject to the preferential rights of the holders
of any class or series of our capital stock ranking senior to the Series A Preferred Stock with respect to distribution rights, holders
of shares of the Series A Preferred Stock will be entitled to receive, when, as and if authorized by our board of directors and declared
by us out of funds legally available for the payment of dividends, cumulative cash dividends at the rate of 9.25% per annum of the $25.00
liquidation preference per share of the Series A Preferred Stock (equivalent to the fixed annual amount of $2.3125 per share of the
Series A Preferred Stock).

 

Dividends on the Series A Preferred Stock
will accrue and be cumulative from, and including, the date of original issue and will be payable to holders monthly in arrears on or
about the 20th day of each month or, if such day is not a business day, on either the immediately preceding
business day or next succeeding business day at our option, in each case with the same force and effect as if made on such date.
The term “business day” means each day, other than a Saturday or a Sunday, which is not a day on which banks
in New York are required by law, regulation or executive order to close.

 

The amount of any dividend payable on the Series A
Preferred Stock for any period greater or less than a full dividend period will be prorated and computed on the basis of a 360-day year
consisting of twelve 30-day months. A dividend period is the respective period commencing on and including the 20th day
of each month and ending on and including the day preceding the 20th day of the next succeeding month (other than
the initial dividend period and the dividend period during which any shares of Series A Preferred Stock shall be redeemed). Dividends
will be payable to holders of record as they appear in our stock records at the close of business on the applicable record date, which
shall be the last day of the immediately preceding calendar month.

 

The first dividend on the Series A Preferred
stock is scheduled to be paid on November 20, 2021 and will be a pro rata dividend from, and including, the original issue date to and
including November 19, 2021 in the amount of $0.14 per share.

 

Dividends on the Series A Preferred Stock will
accrue whether or not:

 

		●	we have earnings;

 

		●	there are funds legally available for the payment of those
dividends; or

 

		●	those dividends are authorized or declared.

 

Except as described in this paragraph and the next
paragraph, unless full cumulative dividends on the Series A Preferred Stock for all past dividend periods shall have been or contemporaneously
are declared and paid in cash or declared and a sum sufficient for the payment thereof in cash is set apart for payment, we will not:

 

		●	declare and pay or declare and set aside for payment of dividends,
and we will not declare and make any distribution of cash or other property, directly or indirectly, on or with respect to any shares
of our common stock or shares of any other class or series of our capital stock ranking, as to distributions, on parity with or junior
to the Series A Preferred Stock, for any period; or

 

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		●	redeem, purchase or otherwise acquire for any consideration,
or make any other distribution of cash or other property, directly or indirectly, on or with respect to, or pay or make available any
monies for a sinking fund for the redemption of, any shares of our common stock or shares of any other class or series of our capital
stock ranking, as to distributions and upon liquidation, on parity with or junior to the Series A Preferred Stock.

 

The foregoing sentence, however, will not prohibit:

 

		●	dividends payable solely in shares of our common stock or
shares of any other class or series of our capital stock ranking junior to the Series A Preferred Stock as to payment of distributions
and the distribution of assets upon our liquidation, dissolution and winding up; and

 

		●	the conversion into or in exchange for other shares of any
class or series of capital stock ranking junior to the Series A Preferred Stock as to payment of distributions and the distribution
of assets upon our liquidation, dissolution and winding up.

 

When we do not pay dividends in full (or do not
set apart a sum sufficient to pay them in full) on the Series A Preferred Stock and the shares of any other class or series of capital
stock ranking, as to distributions, on parity with the Series A Preferred Stock, we will declare any dividends upon the Series A
Preferred Stock and each such other class or series of capital stock ranking, as to distributions, on parity with the Series A Preferred
Stock pro rata, so that the amount of dividends declared per share of Series A Preferred Stock and such other class or series of
capital stock will in all cases bear to each other the same ratio that accrued dividends per share on the Series A Preferred Stock
and such other class or series of capital stock (which will not include any accrual in respect of unpaid dividends on such other class
or series of capital stock for prior dividend periods if such other class or series of capital stock does not have a cumulative dividend)
bear to each other. No interest, or sum of money in lieu of interest, will be payable in respect of any dividend payment or payments on
the Series A Preferred Stock which may be in arrears.

 

Holders of shares of Series A Preferred Stock
are not entitled to any dividend, whether payable in cash, property or shares of capital stock, in excess of full cumulative dividends
on the Series A Preferred Stock as described above. Any dividend payment made on the Series A Preferred Stock will first be
credited against the earliest accrued but unpaid dividends due with respect to those shares which remain payable. Accrued but unpaid dividends
on the Series A Preferred Stock will accumulate as of the dividend payment date on which they first become payable.

 

We do not intend to declare dividends on the Series A
Preferred Stock, or pay or set apart for payment dividends on the Series A Preferred Stock, if the terms of any of our agreements,
including any agreements relating to our indebtedness, prohibit such a declaration, payment or setting apart for payment or provide that
such declaration, payment or setting apart for payment would constitute a breach of or default under such an agreement. Likewise, no dividends
will be authorized by our board of directors and declared by us or paid or set apart for payment if such authorization, declaration or
payment is restricted or prohibited by law. We are and may in the future become a party to agreements that restrict or prevent the payment
of dividends on, or the purchase or redemption of, our capital stock. Under certain circumstances, these agreements could restrict or
prevent the payment of dividends on or the purchase or redemption of Series A Preferred Stock. These restrictions may be indirect
(for example, covenants requiring us to maintain specified levels of net worth or assets) or direct. We do not believe that these restrictions
currently have any adverse impact on our ability to pay dividends to holders or make redemptions of the Series A Preferred Stock.

 

In addition to the dividends set forth above, in
the event of any dividend or distribution declared on or paid on our common stock, the holders of Series A Preferred Stock shall be entitled
to such dividends paid and distributions made to the holders of our common stock to the same extent as if such holders of Series A Preferred
Stock had converted the Series A Preferred Stock into shares of our common stock at an assumed conversion price equal to the quotient
obtained by dividing the $25.00 liquidation preference of the Series A Preferred Stock by the closing price of shares of our common stock
on the exchange upon which our common stock is then listed or quoted on the Record Date for determining dividends on our common stock
or if no Record Date has been set, then the Declaration Date as if the holders of Series A Preferred Stock held such shares of common
stock on such date. If, on the Distribution Date, our common stock is not listed or quoted on an exchange or the OTC Markets, the closing
price of a share of common stock shall be determined by an independent appraiser selected in good faith by the holders of a majority in
interest of the Series A Preferred Stock then outstanding and reasonably acceptable to us, the fees and expenses of which shall be paid
by us. Payments under the preceding sentence shall be made concurrently with the dividend or distribution to the holders of our common
stock.

 

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Liquidation Preference

 

Upon any voluntary or involuntary liquidation,
dissolution or winding up of our affairs, before any distribution or payment shall be made to holders of shares of our common stock or
any other class or series of our capital stock ranking, as to rights upon any voluntary or involuntary liquidation, dissolution or winding
up of our affairs, junior to the Series A Preferred Stock, holders of shares of Series A Preferred Stock will be entitled to
be paid out of our assets legally available for distribution to our stockholders, after payment of or provision for our debts and other
liabilities and any class or series of our capital stock ranking, as to rights upon any voluntary or involuntary liquidation, dissolution
or winding up of our affairs, senior to the Series A Preferred Stock, a liquidation preference of $25.00 per share of the Series A
Preferred Stock, plus an amount equal to any accrued and unpaid dividends (whether or not authorized or declared) up to, but excluding,
the date of payment. If, upon our voluntary or involuntary liquidation, dissolution or winding up, our available assets are insufficient
to pay the full amount of the liquidating distributions on all outstanding shares of Series A Preferred Stock and the corresponding
amounts payable on all shares of each other class or series of capital stock ranking, as to rights upon liquidation, dissolution or winding
up, on parity with the Series A Preferred Stock in the distribution of assets, then holders of shares of Series A Preferred
Stock and each such other class or series of capital stock ranking, as to rights upon any voluntary or involuntary liquidation, dissolution
or winding up, on parity with the Series A Preferred Stock will share ratably in any distribution of assets in proportion to the
full liquidating distributions to which they would otherwise be respectively entitled.

 

Holders of shares of Series A Preferred Stock
will be entitled to written notice of any voluntary or involuntary liquidation, dissolution or winding up of our affairs stating the payment
date or dates when, and the place or places where, the amounts distributable in such circumstances shall be payable not fewer than 30 days
and not more than 60 days prior to the distribution payment date. After payment of the full amount of the liquidating distributions
to which they are entitled, holders of shares of Series A Preferred Stock will have no right or claim to any of our remaining assets.
Our consolidation or merger with or into any other corporation, trust or other entity, or the voluntary sale, lease, transfer or conveyance
of all or substantially all of our property or business, will not be deemed to constitute a liquidation, dissolution or winding up of
our affairs.

 

In determining whether a distribution (other than
upon voluntary or involuntary liquidation), by dividend, redemption or other acquisition of shares of our capital stock or otherwise,
is permitted under Nevada law, amounts that would be needed, if we were to be dissolved at the time of the distribution, to satisfy the
preferential rights upon dissolution of holders of shares of Series A Preferred Stock will not be added to our total liabilities.

 

Optional Redemption

 

Except with respect to the special optional redemption
described below, we cannot redeem the Series A Preferred Stock prior to April 29, 2024. On and after April 29, 2024, we may, at our
option, upon not fewer than 30 and not more than 60 days’ written notice, redeem the Series A Preferred Stock, in whole
or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends
(whether or not authorized or declared) up to, but excluding, the date fixed for redemption, without interest, to the extent we have funds
legally available for that purpose.

 

If fewer than all of the outstanding shares of
the Series A Preferred Stock are to be redeemed, the shares of Series A Preferred Stock will be redeemed pro rata (as nearly
as may be practicable without creating fractional shares) or by lot as we determine. In order for their shares of Series A Preferred
Stock to be redeemed, holders must surrender their shares at the place, or in accordance with the book-entry procedures, designated in
the notice of redemption. Holders will then be entitled to the redemption price and any accrued and unpaid dividends payable upon redemption
following surrender of the shares as detailed below. If a notice of redemption has been given, if the funds necessary for the redemption
have been set aside by us in trust for the benefit of the holders of any shares of Series A Preferred Stock called for redemption
and if irrevocable instructions have been given to pay the redemption price and any accrued and unpaid dividends, then from and after
the redemption date, dividends will cease to accrue on such shares of Series A Preferred Stock and such shares of Series A Preferred
Stock will no longer be deemed outstanding. At such time, all rights of the holders of such shares will terminate, except the right to
receive the redemption price plus any accrued and unpaid dividends payable upon redemption, without interest. So long as no dividends
payable on the Series A Preferred Stock and any Parity Preferred Stock are in arrears for any past dividend periods that have ended
and subject to the provisions of applicable law, we may from time to time repurchase all or any part of the Series A Preferred Stock,
including the repurchase of shares of Series A Preferred Stock in open-market transactions and individual purchases at such prices
as we negotiate, in each case as duly authorized by our board of directors. Regardless of whether dividends are paid in full on the Series A
Preferred Stock or any Parity Preferred Stock, we may purchase or acquire shares of Series A Preferred Stock pursuant to a purchase
or exchange offer made on the same terms to holders of all outstanding shares of Series A Preferred Stock.

 

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Unless full cumulative dividends on all shares
of Series A Preferred Stock have been or contemporaneously are declared and paid or are declared and a sum sufficient for the payment
thereof is set apart for payment for all past dividend periods that have ended, no shares of Series A Preferred Stock will be redeemed
unless all outstanding shares of Series A Preferred Stock are simultaneously redeemed and we will not purchase or otherwise acquire
directly or indirectly any shares of Series A Preferred Stock or any class or series of our capital stock ranking, as to distributions
or upon liquidation, dissolution or winding up, on parity with or junior to the Series A Preferred Stock (except by exchange for
our capital stock ranking junior to the Series A Preferred Stock as to distributions and upon liquidation, dissolution or winding
up).

 

We will mail a notice of redemption, postage prepaid,
not fewer than 30 nor more than 60 days prior to the redemption date, addressed to the respective holders of record of the Series A
Preferred Stock to be redeemed at their respective addresses as they appear on our stock transfer records as maintained by the transfer
agent named in “— Transfer Agent.” No failure to give, nor defect in, such notice, nor in the mailing thereof,
shall affect the validity of the proceedings for the redemption of any shares of Series A Preferred Stock except as to the holder
to whom notice was defective or not given. In addition to any information required by law or by the applicable rules of any exchange upon
which the Series A Preferred Stock may be listed or admitted to trading, each notice will state:

 

		●	the redemption date;

 

		●	the redemption price;

 

		●	the number of shares of Series A Preferred Stock to be
redeemed;

 

		●	the place or places where the certificates, if any, representing
shares of Series A Preferred Stock are to be surrendered for payment of the redemption price;

 

		●	procedures for surrendering noncertificated shares of Series A
Preferred Stock for payment of the redemption price;

 

		●	that dividends on the shares of Series A Preferred Stock
to be redeemed will cease to accumulate on such redemption date; and

 

		●	that payment of the redemption price and any accumulated and
unpaid dividends will be made upon presentation and surrender of such Series A Preferred Stock.

 

If fewer than all of the shares of Series A
Preferred Stock held by any holder are to be redeemed, the notice mailed to such holder will also specify the number of shares of Series A
Preferred Stock held by such holder to be redeemed.

 

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If a redemption date falls after a dividend record
date and on or prior to the corresponding dividend payment date, each holder of shares of the Series A Preferred Stock at the close
of business of such dividend record date will be entitled to the dividend payable on such shares on the corresponding dividend payment
date notwithstanding the redemption of such shares on or prior to such dividend payment date. Except as described above, we will make
no payment or allowance for unpaid dividends, whether or not in arrears, on Series A Preferred Stock for which a notice of redemption
has been given.

 

All shares of Series A Preferred Stock that
we redeem or repurchase will be retired and restored to the status of authorized but unissued shares of preferred stock, without designation
as to series or class.

 

Special Optional Redemption

 

Upon the occurrence of a Change of Control (as
defined below), we may, at our option, redeem the Series A Preferred Stock, in whole or in part within 120 days after the first
date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends up to, but excluding,
the date of redemption.

 

We will mail to you, if you are a record holder
of the Series A Preferred Stock, a notice of redemption no fewer than 30 days nor more than 60 days before the redemption
date. We will send the notice to your address shown on our share transfer books. A failure to give notice of redemption or any defect
in the notice or in its mailing will not affect the validity of the redemption of any Series A Preferred Stock except as to the holder
to whom notice was defective. Each notice will state the following:

 

		●	the redemption date;

 

		●	the redemption price;

 

		●	the number of shares of Series A Preferred Stock to be
redeemed;

 

		●	the place or places where the certificates, if any, representing
shares of Series A Preferred Stock are to be surrendered for payment of the redemption price;

 

		●	procedures for surrendering noncertificated shares of Series A
Preferred Stock for payment of the redemption price;

 

		●	that dividends on the shares of Series A Preferred Stock
to be redeemed will cease to accumulate on such redemption date;

 

		●	that payment of the redemption price and any accumulated and
unpaid dividends will be made upon presentation and surrender of such Series A Preferred Stock; and

 

		●	that the Series A Preferred Stock is being redeemed pursuant
to our special optional redemption right in connection with the occurrence of a Change of Control and a brief description of the transaction
or transactions constituting such Change of Control.

 

If we redeem fewer than all of the outstanding
shares of Series A Preferred Stock, the notice of redemption mailed to each stockholder will also specify the number of shares of
Series A Preferred Stock that we will redeem from each stockholder. In this case, we will determine the number of shares of Series A
Preferred Stock to be redeemed, on a pro rata basis, as described above in “— Optional Redemption.”

 

If we have given a notice of redemption, have set
aside sufficient funds for the redemption in trust for the benefit of the holders of the Series A Preferred Stock called for redemption
and have given irrevocable instructions to pay the redemption price and any accrued and unpaid dividends, then from and after the redemption
date, those shares of Series A Preferred Stock will be treated as no longer being outstanding, no further dividends will accrue and
all other rights of the holders of those shares of Series A Preferred Stock will terminate. The holders of those shares of Series A
Preferred Stock will retain their right to receive the redemption price for their shares and any accrued and unpaid dividends up to, but
excluding, the redemption date, without interest.

 

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The holders of Series A Preferred Stock at
the close of business on a dividend record date will be entitled to receive the dividend payable with respect to the Series A Preferred
Stock on the corresponding payment date notwithstanding the redemption of the Series A Preferred Stock between such record date and
the corresponding payment date or our default in the payment of the dividend due. Except as provided above, we will make no payment or
allowance for unpaid dividends, whether or not in arrears, on Series A Preferred Stock to be redeemed.

 

A “Change of Control” is when, after
the original issuance of the Series A Preferred Stock, the following have occurred and are continuing:

 

		●	the acquisition by any person, including any syndicate or
group deemed to be a “person” under Section 13(d)(3) of the Exchange Act, of beneficial ownership, directly
or indirectly, through a purchase, merger or other acquisition transaction or series of purchases, mergers or other acquisition transactions
of stock of our company entitling that person to exercise more than 50% of the total voting power of all stock of our company entitled
to vote generally in the election of our directors (except that such person will be deemed to have beneficial ownership of all securities
that such person has the right to acquire, whether such right is currently exercisable or is exercisable only upon the occurrence of
a subsequent condition); and

 

		●	following the closing of any transaction referred to in the
bullet point above, neither we nor the acquiring or surviving entity has a class of common securities listed on the NYSE or Nasdaq.

 

No Maturity, Sinking Fund or Mandatory Redemption

 

The Series A Preferred Stock has no stated
maturity date and we are not required to redeem the Series A Preferred Stock at any time. We are not required to set aside funds
to redeem the Series A Preferred Stock. Accordingly, the Series A Preferred Stock will remain outstanding indefinitely, unless
we decide, at our option, to exercise our redemption right. The Series A Preferred Stock is not subject to any sinking fund.

 

Limited Voting Rights

 

Holders of shares of the Series A Preferred
Stock generally do not have any voting rights, except as set forth below.

 

If dividends on the Series A Preferred Stock
are in arrears for 18 or more monthly periods, whether or not consecutive (which we refer to as a “preferred dividend default”),
holders of shares of the Series A Preferred Stock (voting separately as a class together with the holders of the Parity Preferred
Stock) will be entitled to vote for the election of a total of two additional directors to serve on our board of directors (which we refer
to as “preferred stock directors”), until all unpaid dividends for past dividend periods with respect to the Series A
Preferred Stock and any Parity Preferred Stock have been paid. In such a case, the number of directors serving on our board of directors
will be increased by two. The preferred stock directors will be elected by a plurality of the votes cast in the election for a one-year
term and each preferred stock director will serve until his successor is duly elected and qualifies or until the director’s right
to hold the office terminates, whichever occurs earlier, subject to such preferred stock director’s earlier death, disqualification,
resignation or removal. The election will take place at:

 

		●	either (i) a special meeting called upon the written request
of holders of at least 25% of the outstanding shares of Series A Preferred Stock together with any Parity Preferred Stock, if this
request is received more than 90 days before the date fixed for our next annual or special meeting of stockholders or, (ii) if we
receive the request for a special meeting within 90 days before the date fixed for our next annual or special meeting of stockholders,
at our annual or special meeting of stockholders; and

 

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		●	each subsequent annual meeting (or special meeting held in
its place) until all dividends accumulated on the Series A Preferred Stock and on any Parity Preferred Stock have been paid in full
or declared and a sum sufficient for the payment thereof set aside for payment for all past dividend periods.

 

If we do not call a special meeting within 45 days
after request from the holders of 25% of our Series A Preferred Stock outstanding, then the holders of record of at least 25% of the outstanding
Series A Preferred Stock may designate a holder to call the meeting at our expense and such meeting may be called by the holder so designated
upon notice similar to that required for annual meetings of stockholders and shall be held at the place designated by the holder calling
such meeting. We shall pay all costs and expenses of calling and holding any meeting and of electing directors, including, without limitation,
the cost of preparing, reproducing and mailing the notice of such meeting, the cost of renting a room for such meeting to be held, and
the cost of collecting and tabulating votes.

 

If and when all accumulated dividends on the Series A
Preferred Stock and all other classes or series of preferred stock upon which like voting rights have been conferred and are exercisable
shall have been paid in full, holders of shares of Series A Preferred Stock shall be divested of the voting rights set forth above
(subject to re-vesting in the event of each and every preferred dividend default) and the term and office of such preferred stock directors
so elected will terminate and the number of directors will be reduced accordingly.

 

Any preferred stock director may be removed at
any time with or without cause by the vote of, and may not be removed otherwise than by the vote of, the holders of record of a majority
of the outstanding shares of Series A Preferred Stock and other Parity Preferred Stock entitled to vote thereon when they have the
voting rights described above (voting as a single class). So long as a preferred dividend default continues, any vacancy in the office
of a preferred stock director may be filled by written consent of the preferred stock director remaining in office, or if none remains
in office, by a vote of the holders of record of a majority of the outstanding shares of Series A Preferred Stock when they have
the voting rights described above (voting as a single class with all other Parity Preferred Stock). The preferred stock directors shall
each be entitled to one vote on any matter before our board of directors.

 

In addition, so long as any shares of Series A
Preferred Stock remain outstanding, we will not, without the consent or the affirmative vote of the holders of at least two-thirds of
the outstanding shares of Series A Preferred Stock together with each other Parity Preferred Stock (voting together as a single class):

 

		●	authorize, create or issue, or increase the number of authorized
or issued shares of, any class or series of stock ranking senior to such Series A Preferred Stock with respect to distribution rights
and rights upon our liquidation, dissolution or winding up, or reclassify any of our authorized capital stock into any such shares, or
create, authorize or issue any obligation or security convertible into or evidencing the right to purchase any such shares; or

 

		●	amend, alter or repeal the provisions of our amended and restated
articles of incorporation, including the terms of the Series A Preferred Stock, whether by merger, consolidation, transfer or conveyance
of all or substantially all of our assets or otherwise, so as to materially and adversely affect the rights, preferences, privileges
or voting powers of the Series A Preferred Stock,

 

except that with respect to the occurrence of any of the events described
in the second bullet point immediately above, so long as the Series A Preferred Stock remains outstanding with the terms of the Series A
Preferred Stock materially unchanged or the holders of shares of Series A Preferred Stock receive stock of the successor with substantially
identical rights, taking into account that, upon the occurrence of an event described in the second bullet point above, we may not be
the surviving entity, the occurrence of such event will not be deemed to materially and adversely affect the rights, preferences, privileges
or voting powers of the Series A Preferred Stock, and in such case such holders shall not have any voting rights with respect to
the events described in the second bullet point immediately above. Furthermore, if holders of shares of the Series A Preferred Stock
receive the greater of the full trading price of the Series A Preferred Stock on the date of an event described in the second bullet
point immediately above or the $25.00 per share liquidation preference plus any accrued and unpaid dividends thereon pursuant to the occurrence
of any of the events described in the second bullet point immediately above, then such holders shall not have any voting rights with respect
to the events described in the second bullet point immediately above. If any event described in the second bullet point above would materially
and adversely affect the rights, preferences, privileges or voting powers of the Series A Preferred Stock disproportionately relative
to other classes or series of preferred stock ranking on parity with the Series A Preferred Stock with respect to distribution rights
and rights upon our liquidation, dissolution or winding up, the affirmative vote of the holders of at least two-thirds of the outstanding
shares of the Series A Preferred Stock, voting separately as a class, will also be required.

 

    9

     

    

 

Holders of shares of Series A Preferred Stock
will not be entitled to vote with respect to any increase in the total number of authorized shares of our common stock or preferred stock,
any increase in the number of authorized shares of Series A Preferred Stock or the creation or issuance of any other class or series
of capital stock, or any increase in the number of authorized shares of any other class or series of capital stock, in each case ranking
on parity with or junior to the Series A Preferred Stock with respect to the payment of distributions and the distribution of assets
upon liquidation, dissolution or winding up.

 

Holders of shares of Series A Preferred Stock
will not have any voting rights with respect to, and the consent of the holders of shares of Series A Preferred Stock is not required
for, the taking of any corporate action, including any merger or consolidation involving us or a sale of all or substantially all of our
assets, regardless of the effect that such merger, consolidation or sale may have upon the powers, preferences, voting powers or other
rights or privileges of the Series A Preferred Stock, except as set forth above.

 

In addition, the voting provisions above will not
apply if, at or prior to the time when the act with respect to which the vote would otherwise be required would occur, we have redeemed
or called for redemption upon proper procedures all outstanding shares of Series A Preferred Stock.

 

In any matter in which Series A Preferred
Stock may vote (as expressly provided in the Certificate of Designations setting forth the terms of the Series A Preferred Stock),
each share of Series A Preferred Stock shall be entitled to one vote per $25.00 of liquidation preference. As a result, each share
of Series A Preferred Stock will be entitled to one vote.

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our Series A
Preferred Stock is ClearTrust, LLC. ClearTrust, LLC’s address is 16540 Pointe Village Dr., Suite 210, Lutz, FL 33558 and
its telephone number is (813) 235-4490.

 

Stock Exchange Listing

 

Our Series A Preferred Stock is listed for quotation
on the Nasdaq Capital Market under the symbol “COMSP.”

 

DESCRIPTION OF WARRANTS

 

The following summary of certain terms and provisions
of the warrants we registered under Section 12 of the Exchange Act (the “Warrants”) is not complete and is subject to, and
qualified in its entirety by the provisions of the Warrant Agency Agreement between the Warrant Agent (as defined below) and us and the
form of warrant attached thereto, which is incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit
4.1 is a part. We encourage you to read the Warrant Agency Agreement and the form of Warrant attached as an exhibit thereto for additional
information.

 

Exercisability

 

The Warrants are exercisable at any time after
their original issuance and at any time up to January [__], 2026. The Warrants will be exercisable, at the option of each holder, in whole
or in part by delivering to the warrant agent a duly executed exercise notice and payment in full in immediately available funds for the
number of shares of common stock purchased upon such exercise. If a registration statement registering the issuance of the shares of common
stock underlying the Warrants under the Securities Act is not effective or available, the holder may elect to exercise the Warrant through
a cashless exercise, in which case the holder would receive upon such exercise the net number of shares of common stock determined according
to the formula set forth in the Warrant. No fractional shares of common stock will be issued in connection with the exercise of a Warrant.
In lieu of fractional shares, we will pay the holder an amount in cash equal to the fractional amount multiplied by the exercise price.

 

    10

     

    

 

Exercise Limitation 

 

A holder will not have the right to exercise any
portion of the Warrant if the holder (together with its affiliates) would beneficially own in excess of 4.99% of the number of shares
of our common stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance
with the terms of the Warrants. However, any holder may increase or decrease such percentage to any other percentage not in excess of
9.99%, provided that any increase in such percentage shall not be effective until 61 days following notice from the holder to us.

 

Exercise Price

 

The exercise price per share of common stock purchasable
upon exercise of the Warrants is $4.50 per share. The exercise price is subject to appropriate adjustment in the event of certain stock
dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting our common stock and also
upon any distributions of assets, including cash, stock or other property to our stockholders.

 

Transferability 

 

Subject to applicable laws, the Warrants may be
offered for sale, sold, transferred or assigned without our consent.

 

Stock Exchange Listing

 

The Warrants are listed for quotation on the Nasdaq
Capital Market under the symbol “COMSW.”

 

Warrant Agent

 

The Warrants were issued in registered form under
a warrant agency agreement between ClearTrust, LLC, as warrant agent (the “Warrant Agent”), and us. The Warrant Agent’s
address is 16540 Pointe Village Dr., Suite 210, Lutz, FL 33558 and its telephone number is (813) 235-4490.

 

Fundamental Transactions

 

In the event of a fundamental transaction, as described
in the Warrants and generally including any reorganization, recapitalization or reclassification of our common stock, the sale, transfer
or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person,
the acquisition of more than 50% of our outstanding common stock, or any person or group becoming the beneficial owner of 50% of the voting
power represented by our outstanding common stock, the holders of the Warrants will be entitled to receive upon exercise of the Warrants
the kind and amount of securities, cash or other property that the holders would have received had they exercised the warrants immediately
prior to such fundamental transaction.

 

Rights as a Stockholder

 

Except as otherwise provided in the Warrants or
by virtue of such holder’s ownership of shares of our common stock, the holder of a warrant does not have the rights or privileges
of a holder of our common stock, including any voting rights, until the holder exercises the warrant.

 

Governing Law

 

The Warrants and the warrant agency agreement are
governed by New York law.

 

 

11Exhibit 10.1

 

COMSOVEREIGN HOLDING CORP.

 

2020 LONG-TERM INCENTIVE PLAN

 

*   *   *   *   * 

 

1.
Purpose. The purpose of the COMSovereign Holding Corp. 2020 Long-Term Incentive
Plan (the “Plan”) is to further and promote the interests of COMSovereign Holding Corp. (the “Company”),
its Subsidiaries and its stockholders by enabling the Company and its Subsidiaries to attract, retain and motivate employees, directors
and consultants, or those who will become employees, directors or consultants, and to align the interests of those individuals and the
Company’s stockholders. To do this, the Plan offers performance-based incentive awards and equity-based opportunities providing
such employees, directors and consultants with a proprietary interest in maximizing the growth, profitability and overall success of the
Company and its Subsidiaries.

 

2.
Definitions. For purposes of the Plan, the following terms shall have the meanings set forth below:

 

2.1
“Award” means an award or grant made to a Participant under Sections 6, 7, 8 and/or 9 of the Plan.

 

2.2
“Award Agreement” means the agreement executed by a Participant pursuant to Sections 3.2 and 15.7 of the
Plan in connection with the granting of an Award.

 

2.3
“Board” means the Board of Directors of the Company, as constituted from time to time.

 

2.4
“Code” means the Internal Revenue Code of 1986, as in effect and as amended from time to time, or any successor
statute thereto, together with any rules, regulations and interpretations promulgated thereunder or with respect thereto.

 

2.5
“Committee” means the Compensation Committee of the Board (or such other committee of the Board as may be
established to administer the Plan, as described in Section 3 of the Plan), or if no such committee has been appointed or established,
the Board.

 

2.6
“Common Stock” means the Common Stock, par value $0.0001 per share, of the Company, or any security of the
Company issued by the Company in substitution or exchange therefor.

 

2.7
“Company” means COMSovereign Holding Corp., a Nevada corporation, or any successor entity to COMSovereign
Holding Corp.

 

2.8
“Exchange Act” means the Securities Exchange Act of 1934, as in effect and as amended from time to time,
or any successor statute thereto, together with any rules, regulations and interpretations promulgated thereunder or with respect thereto.

 

2.9
“Fair Market Value” means on, or with respect to, any given date(s), the average of the highest and lowest
market prices of the Common Stock, as reported on a public exchange for such date(s) or, if the Common Stock was not traded on such date(s),
on the next preceding day or days on which the Common Stock was traded. If at any time the Common Stock is not traded on an exchange,
the Fair Market Value of a share of the Common Stock shall be determined in good faith by the Board and such determination shall be conclusive
and binding on all persons.

 

    1

     

    

 

2.10
“Incentive Stock Option” means any stock option granted pursuant to the provisions of Section 6 of the Plan
(and the relevant Award Agreement) that is intended to be (and is specifically designated as) an “incentive stock option”
within the meaning of Section 422 of the Code.

 

2.11
“Non-Employee Director” means a director serving on the Board who is a “non-employee director”
within the meaning of SEC Rule 16b-3(b)(3).

 

2.12
“Non-Qualified Stock Option” means any stock option granted pursuant to the provisions of Section 6 of the
Plan (and the relevant Award Agreement) that is not (and is specifically designated as not being) an Incentive Stock Option.

 

2.13
“Participant” means any individual who is selected from time to time under Section 5 to receive an
Award under the Plan.

 

2.14
“Performance Units” means the monetary units granted under Section 9 of the Plan and the relevant Award
Agreement.

 

2.15
“Plan” means the COMSovereign Holding Corp. 2020 Long-Term Incentive Plan, as set forth herein and as in
effect and as amended from time to time (together with any rules and regulations promulgated by the Committee with respect thereto).

 

2.16
“Restricted Shares” means the restricted shares of Common Stock granted pursuant to the provisions of Section
8 of the Plan and the relevant Award Agreement.

 

2.17
“Stock Appreciation Right” means an Award described in Section 7.2 of the Plan and granted pursuant to the
provisions of Section 7 of the Plan.

 

2.18
“Subsidiary(ies)” means any corporation (other than the Company), trust, partnership or limited liability
company in an unbroken chain of entities, including and beginning with the Company, if each of such entities, other than the last entity
in the unbroken chain, owns, directly or indirectly, more than fifty percent (50%) of the voting shares, partnership, beneficial or membership
interests in one of the other entities in such chain.

 

3.
Administration.

 

3.1
The Committee. The Plan shall be administered by the Committee. Subject to the last sentence of this Section 3.1, the
Committee shall be appointed from time to time by the Board and shall be comprised of not less than two (2) of the then members of the
Board who are Non-Employee Directors. Consistent with the Bylaws of the Company, members of the Committee shall serve at the pleasure
of the Board and the Board, subject to the immediately preceding sentence, may at any time and from time to time remove members from,
or add members to, the Committee. In the event that the Board has not appointed the Committee, then the Board shall have all the powers
of the Committee under the Plan.

 

3.2
Plan Administration and Plan Rules. The Committee is authorized to construe and interpret the Plan and to promulgate,
amend and rescind rules and regulations relating to the implementation, administration and maintenance of the Plan. Subject to the terms
and conditions of the Plan, the Committee shall make all determinations necessary or advisable for the implementation, administration
and maintenance of the Plan including, without limitation, (a) selecting the Plan’s Participants, (b) making Awards in such amounts
and form as the Committee shall determine, (c) imposing such restrictions, terms and conditions upon such Awards as the Committee shall
deem appropriate, and (d) correcting any technical defect(s) or technical omission(s), or reconciling any technical inconsistency(ies),
in the Plan and/or any Award Agreement. The Committee may designate persons other than members of the Committee to carry out the day-to-day
ministerial administration of the Plan under such conditions and limitations as it may prescribe, except that the Committee shall not
delegate its authority with regard to the selection for participation in the Plan and/or the granting of any Awards to Participants. The
Committee’s determinations under the Plan need not be uniform and may be made selectively among Participants, whether or not such
Participants are similarly situated. Any determination, decision or action of the Committee in connection with the construction, interpretation,
administration, implementation or maintenance of the Plan shall be final, conclusive and binding upon all Participants and any person(s)
claiming under or through any Participants. The Company shall effect the granting of Awards under the Plan, in accordance with the determinations
made by the Committee, by execution of written agreements and/or other instruments in such form as is approved by the Committee. The Committee
may, in its sole discretion, delegate its authority to one or more senior executive officers for the purpose of making Awards to Participants
who are not subject to Section 16 of the Exchange Act.

 

    2

     

    

 

3.3
Liability Limitation. Neither the Board nor the Committee, nor any member of either, shall be liable for any act, omission,
interpretation, construction or determination made in good faith in connection with the Plan (or any Award Agreement), and the members
of the Board and the Committee shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage
or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law
and/or under any directors and officers liability insurance coverage which may be in effect from time to time.

 

4.
Term of Plan/Common Stock Subject to Plan.

 

4.1
Term. Unless terminated earlier by the Board, the Plan shall terminate on May 1, 2030, except with respect to Awards
then outstanding. After such date no further Awards shall be granted under the Plan.

 

4.2
Common Stock. The maximum number of shares of Common Stock in respect of which Awards may be granted or paid out under
the Plan, subject to adjustment as provided in Section 13.2 of the Plan, shall not exceed eight million three hundred thirty three thousand
and three hundred thirty four (8,333,334) shares (on a January 21, 2021 post reverse-split basis); all of which may be issued pursuant
to the exercise of Incentive Stock Options. In the event of a change in the Common Stock of the Company that is limited to a change in
the designation thereof to “Capital Stock” or other similar designation, or to a change in the par value thereof, or from
par value to no par value, without increase or decrease in the number of issued shares, the shares resulting from any such change shall
be deemed to be the Common Stock for purposes of the Plan. Common Stock which may be issued under the Plan may be either authorized and
unissued shares or issued shares which have been reacquired by the Company (in the open-market or in private transactions) and which are
being held as treasury shares. No fractional shares of Common Stock shall be issued under the Plan.

 

4.3
Computation of Available Shares. For the purpose of computing the total number of shares of Common Stock available for
Awards under the Plan, there shall be counted against the limitations set forth in Section 4.2 of the Plan the maximum number of shares
of Common Stock potentially subject to issuance upon exercise or settlement of Awards granted under Sections 6 and 7 of the Plan, the
number of shares of Common Stock issued under grants of Restricted Shares pursuant to Section 8 of the Plan and the maximum number of
shares of Common Stock potentially issuable under grants or payments of Performance Units pursuant to Section 9 of the Plan, in each case
determined as of the date on which such Awards are granted. If any Awards expire unexercised or are forfeited, surrendered, cancelled,
terminated or settled in cash in lieu of Common Stock, the shares of Common Stock which were theretofore subject (or potentially subject)
to such Awards shall again be available for Awards under the Plan to the extent of such expiration, forfeiture, surrender, cancellation,
termination or settlement of such Awards.

 

5.
Eligibility. Individuals eligible for Awards under the Plan shall consist of employees, directors and consultants, or
those who will become employees, directors or consultants, of the Company and/or its Subsidiaries whose performance or contribution, in
the sole discretion of the Committee, benefits or will benefit the Company or any Subsidiary. Notwithstanding the above, Incentive Stock
Options may only be granted to employees of the Company.

 

    3

     

    

 

6.
Stock Options.

 

6.1
Terms and Conditions. Stock options granted under the Plan shall be in respect of Common Stock and may be in the form
of Incentive Stock Options or Non-Qualified Stock Options (sometimes referred to collectively herein as the “Stock Option(s)”).
All Stock Options shall be separately designated Incentive Stock Options or Non-Qualified Stock Options at the time of grant, and, if
certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each
type of Option. Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person if
a Stock Option designated as an Incentive Stock Option fails to qualify as such at any time or if a Stock Option is determined to constitute
"nonqualified deferred compensation" within the meaning of Section 409A of the Code and the terms of such Stock Option do not
satisfy the requirements of Section 409A of the Code. Such Stock Options shall be subject to the terms and conditions set forth in
this Section 6 and any additional terms and conditions, not inconsistent with the express terms and provisions of the Plan, as the Committee
shall set forth in the relevant Award Agreement.

 

6.2
Grant. Stock Options may be granted under the Plan in such form as the Committee may from time to time approve. Stock
Options may be granted alone or in addition to other Awards under the Plan or in tandem with Stock Appreciation Rights. Special provisions
shall apply to Incentive Stock Options granted to any employee who owns (within the meaning of Section 422(b)(6) of the Code) more than
ten percent (10%) of the total combined voting power of all classes of stock of the Company or its parent corporation or any subsidiary
of the Company, within the meaning of Sections 424(e) and (f) of the Code (a “10% Stockholder”).

 

6.3
Exercise Price. The exercise price per share of Common Stock subject to a Stock Option shall be determined by the Committee;
provided, however, that the exercise price of a Stock Option shall not be less than one hundred percent (100%) of the Fair
Market Value of the Common Stock on the date of the grant of such Stock Option; provided, further, however, that,
in the case of a 10% Stockholder, the exercise price of an Incentive Stock Option shall not be less than one hundred ten percent (110%)
of the Fair Market Value of the Common Stock on the date of grant. This Section 6.3 shall not apply to a Stock Option granted pursuant
to the assumption of, or substitution for, another security in a manner that complies with section 424(a) of the Code (whether or not
the Stock Option is an Incentive Stock Option).

 

6.4
Term. The term of each Stock Option shall be such period of time as is fixed by the Committee; provided, however,
that the term of any Incentive Stock Option shall not exceed ten (10) years (five (5) years, in the case of a 10% Stockholder) after the
date immediately preceding the date on which the Incentive Stock Option is granted.

 

6.5
Method of Exercise. A Stock Option may be exercised, in whole or in part, by giving written notice of exercise to the
Secretary of the Company, or the Secretary’s designee, specifying the number of shares to be purchased. Such notice shall be accompanied
by payment in full of the exercise price (and applicable tax withholding) in cash, by certified check, bank draft, or money order payable
to the order of the Company, or, if permitted by the Committee in its sole discretion, by delivery of shares of Common Stock satisfying
such requirements as the Committee shall establish, or through such other mechanism as the Committee shall permit, in its sole discretion.
Payment instruments shall be received by the Company subject to collection. The proceeds received by the Company upon exercise of any
Stock Option may be used by the Company for general corporate purposes. Any portion of a Stock Option that is exercised may not be exercised
again.

 

    4

     

    

 

6.6
Tandem Grants. If Non-Qualified Stock Options and Stock Appreciation Rights are granted in tandem, as designated in
the relevant Award Agreements, the right of a Participant to exercise any such tandem Stock Option shall terminate to the extent that
the shares of Common Stock subject to such Stock Option are used to calculate amounts or shares receivable upon the exercise of the related
tandem Stock Appreciation Right.

 

6.7
Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the time
of grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Participant during any
calendar year (under all plans of the Company and its affiliates) exceeds $100,000, the Stock Options or portions
thereof which exceed such limit (according to the order in which they were granted) shall be treated as Non-Qualified Stock Options.

 

7.
Stock Appreciation Rights.

 

7.1
Terms and Conditions. The grant of Stock Appreciation Rights under the Plan shall be subject to the terms and conditions
set forth in this Section 7 and any additional terms and conditions, not inconsistent with the express terms and provisions of the Plan,
as the Committee shall set forth in the relevant Award Agreement.

 

7.2
Stock Appreciation Rights. A Stock Appreciation Right is an Award granted with respect to a specified number of shares
of Common Stock entitling a Participant to receive an amount equal to the excess of the Fair Market Value of a share of Common Stock on
the date of exercise over the Fair Market Value of a share of Common Stock on the date of grant of the Stock Appreciation Right, multiplied
by the number of shares of Common Stock with respect to which the Stock Appreciation Right shall have been exercised.

 

7.3
Grant. A Stock Appreciation Right may be granted in addition to any other Award under the Plan or in tandem with or
independent of a Non-Qualified Stock Option.

 

7.4
Date of Exercisability. In respect of any Stock Appreciation Right granted under the Plan, unless otherwise (a) determined
by the Committee (in its sole discretion) at any time and from time to time in respect of any such Stock Appreciation Right, or (b) provided
in the Award Agreement, a Stock Appreciation Right may be exercised by a Participant, in accordance with and subject to all of the procedures
established by the Committee, in whole or in part at any time and from time to time during its specified term. The Committee may also
provide, as set forth in the relevant Award Agreement and without limitation, that some Stock Appreciation Rights shall be automatically
exercised and settled on one or more fixed dates specified therein by the Committee.

 

7.5
Form of Payment. Upon exercise of a Stock Appreciation Right, payment may be made in cash, in Restricted Shares or in
shares of unrestricted Common Stock, or in any combination thereof, as the Committee, in its sole discretion, shall determine and provide
in the relevant Award Agreement.

 

7.6
Tandem Grant. The right of a Participant to exercise a tandem Stock Appreciation Right shall terminate to the extent
such Participant exercises the Non-Qualified Stock Option to which such Stock Appreciation Right is related.

 

    5

     

    

 

8.
Restricted Shares.

 

8.1
Terms and Conditions. Grants of Restricted Shares shall be subject to the terms and conditions set forth in this Section
8 and any additional terms and conditions, not inconsistent with the express terms and provisions of the Plan, as the Committee shall
set forth in the relevant Award Agreement. Restricted Shares may be granted alone or in addition to any other Awards under the Plan. Subject
to the terms of the Plan, the Committee shall determine the number of Restricted Shares to be granted to a Participant and the Committee
may provide or impose different terms and conditions on any particular Restricted Share grant made to any Participant. With respect to
each Participant receiving an Award of Restricted Shares, there shall be issued a stock certificate (or certificates) in respect of such
Restricted Shares. Such stock certificate(s) shall be registered in the name of such Participant, shall be accompanied by a stock power
duly executed by such Participant, and shall bear, among other required legends, the following legend:

 

“The transferability
of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including, without limitation,
forfeiture events) contained in the COMSovereign Holding Corp. 2020 Long-Term Incentive Plan and an Award Agreement entered into between
the registered owner hereof and COMSovereign Holding Corp. Copies of such Plan and Award Agreement are on file in the office of the Secretary
of COMSovereign Holding Corp. COMSovereign Holding Corp. will furnish to the recordholder of the certificate, without charge and upon
written request at its principal place of business, a copy of such Plan and Award Agreement. COMSovereign Holding Corp. reserves the right
to refuse to record the transfer of this certificate until all such restrictions are satisfied, all such terms are complied with and all
such conditions are satisfied.”

 

Such stock certificate evidencing such shares
shall, in the sole discretion of the Committee, be deposited with and held in custody by the Company until the restrictions thereon shall
have lapsed and all of the terms and conditions applicable to such grant shall have been satisfied.

 

8.2
Restricted Share Grants. A grant of Restricted Shares is an Award of shares of Common Stock granted to a Participant,
subject to such restrictions, terms and conditions as the Committee deems appropriate, including, without limitation, (a) restrictions
on the sale, assignment, transfer, hypothecation or other disposition of such shares, (b) the requirement that the Participant deposit
such shares with the Company while such shares are subject to such restrictions, and (c) the requirement that such shares be forfeited
upon termination of employment or service with the Company for any reason or for specified reasons within a specified period of time or
for other reasons (including, without limitation, the failure to achieve designated performance goals).

 

8.3
Restriction Period. In accordance with Sections 8.1 and 8.2 of the Plan and unless otherwise determined by the Committee
(in its sole discretion) at any time and from time to time, Restricted Shares shall only become unrestricted and vested in the Participant
in accordance with such vesting schedule relating to such Restricted Shares, if any, as the Committee may establish in the relevant Award
Agreement (the “Restriction Period”). During the Restriction Period, such stock shall be and remain unvested and a
Participant may not sell, assign, transfer, pledge, encumber or otherwise dispose of or hypothecate such Award. Upon satisfaction of the
vesting schedule and any other applicable restrictions, terms and conditions, the Participant shall be entitled to receive payment of
the Restricted Shares or a portion thereof, as the case may be, as provided in Section 8.4 of the Plan.

 

8.4
Payment of Restricted Share Grants. After the satisfaction and/or lapse of the restrictions, terms and conditions established
by the Committee in respect of a grant of Restricted Shares, a new certificate, without the legend set forth in Section 8.1 of the Plan,
for the number of shares of Common Stock which are no longer subject to such restrictions, terms and conditions shall, as soon as practicable
thereafter, be delivered to the Participant, provided that the removal of such legend is permitted by applicable federal and state securities
laws.

 

    6

     

    

 

8.5
Stockholder Rights. A Participant shall have, with respect to the shares of Common Stock underlying a grant of Restricted
Shares, all of the rights of a stockholder of such stock (except as such rights are limited or restricted under the Plan or in the relevant
Award Agreement). Any stock dividends paid in respect of unvested Restricted Shares shall be treated as additional Restricted Shares and
shall be subject to the same restrictions and other terms and conditions that apply to the unvested Restricted Shares in respect of which
such stock dividends are issued.

 

9.
Performance Units.

 

9.1
Terms and Conditions. Performance Units shall be subject to the terms and conditions set forth in this Section 9 and
any additional terms and conditions, not inconsistent with the express provisions of the Plan, as the Committee shall set forth in the
relevant Award Agreement.

 

9.2
Performance Unit Grants. A Performance Unit is an Award of units (with each unit representing such monetary amount as
is designated by the Committee in the Award Agreement) granted to a Participant, subject to such terms and conditions as the Committee
deems appropriate, including, without limitation, the requirement that the Participant forfeit such units (or a portion thereof) in the
event certain performance criteria or other conditions are not met within a designated period of time.

 

9.3
Grants. Performance Units may be granted alone or in addition to any other Awards under the Plan. Subject to the terms
of the Plan, the Committee shall determine the number of Performance Units to be granted to a Participant and the Committee may impose
different terms and conditions on any particular Performance Units granted to any Participant.

 

9.4
Performance Goals and Performance Periods. Participants receiving a grant of Performance Units shall only earn into
and be entitled to payment in respect of such Awards if the Company and/or the Participant achieves certain performance goals (the “Performance
Goals”) during and in respect of a designated performance period (the “Performance Period”). The Performance
Goals and the Performance Period shall be established by the Committee, in its sole discretion. The Committee shall establish Performance
Goals for each Performance Period prior to, or as soon as practicable after, the commencement of such Performance Period. The Committee
shall also establish a schedule or schedules for Performance Units setting forth the portion of the Award which will be earned or forfeited
based on the degree of achievement, or lack thereof, of the Performance Goals at the end of the relevant Performance Period. In setting
Performance Goals, the Committee may use, but shall not be limited to, such measures as total stockholder return, return on equity, net
earnings growth, sales or revenue growth, cash flow, comparisons to peer companies, individual or aggregate Participant performance or
such other measure or measures of performance as the Committee, in its sole discretion, may deem appropriate. Such performance measures
shall be defined as to their respective components and meaning by the Committee (in its sole discretion). During any Performance Period,
the Committee shall have the authority to adjust the Performance Goals and/or the Performance Period in such manner as the Committee,
in its sole discretion, deems appropriate at any time and from time to time.

 

9.5
Payment of Units. With respect to each Performance Unit, the Participant shall, if the applicable Performance Goals
have been achieved, or partially achieved, as determined by the Committee in its sole discretion, by the Company and/or the Participant
during the relevant Performance Period, be entitled to receive payment in an amount equal to the designated value of each Performance
Unit times the number of such units so earned. Payment in settlement of earned Performance Units shall be made as soon as practicable
following the conclusion of the respective Performance Period in cash, in unrestricted Common Stock, or in Restricted Shares, or in any
combination thereof, as the Committee, in its sole discretion, shall determine and provide in the relevant Award Agreement.

 

    7

     

    

 

10.
Other Provisions.

 

10.1
Performance-Based Awards. Performance Units, Restricted Shares, and other Awards
subject to performance criteria shall be paid solely on account of the attainment of one or more pre-established performance goals. Until
otherwise determined by the Committee, the performance goals shall be the attainment of pre-established levels of any of net income, market
price per share, earnings per share, return on equity, return on capital employed and/or cash flow, regulatory approval of products, strategic
alliances and joint ventures and patent issuances. 

 

11.
Dividend Equivalents. In addition to the provisions of Section 8.5 of the Plan, Awards of Stock Options, and/or Stock
Appreciation Rights, may, in the sole discretion of the Committee and if provided for in the relevant Award Agreement, earn dividend equivalents.
In respect of any such Award which is outstanding on a dividend record date for Common Stock, the Participant shall be credited with an
amount equal to the amount of cash or stock dividends that would have been paid on the shares of Common Stock covered by such Award had
such covered shares been issued and outstanding on such dividend record date. The Committee shall establish such rules and procedures
governing the crediting of such dividend equivalents, including, without limitation, the amount, timing, form of payment and payment contingencies
and/or restrictions of such dividend equivalents, as it deems appropriate or necessary.

 

12.
Non-transferability of Awards. Unless otherwise provided in the Award Agreement, no Award under the Plan or any Award
Agreement, and no rights or interests herein or therein, shall or may be assigned, transferred, sold, exchanged, encumbered, pledged,
or otherwise hypothecated or disposed of by a Participant or any beneficiary(ies) of any Participant, except by testamentary disposition
by the Participant or the laws of intestate succession. No such interest shall be subject to execution, attachment or similar legal process,
including, without limitation, seizure for the payment of the Participant’s debts, judgments, alimony, or separate maintenance.
Unless otherwise provided in the Award Agreement, during the lifetime of a Participant, Stock Options and Stock Appreciation Rights are
exercisable only by the Participant.

 

13.
Changes in Capitalization and Other Matters.

 

13.1
No Corporate Action Restriction. The existence of the Plan, any Award Agreement and/or the Awards granted hereunder
shall not limit, affect or restrict in any way the right or power of the Board or the stockholders of the Company to make or authorize
(a) any adjustment, recapitalization, reorganization or other change in the Company’s or any Subsidiary’s capital structure
or its business, (b) any merger, consolidation or change in the ownership of the Company or any Subsidiary, (c) any issue of bonds, debentures,
capital, preferred or prior preference stocks ahead of or affecting the Company’s or any Subsidiary’s capital stock or the
rights thereof, (d) any dissolution or liquidation of the Company or any Subsidiary, (e) any sale or transfer of all or any part of the
Company’s or any Subsidiary’s assets or business, or (f) any other corporate act or proceeding by the Company or any Subsidiary.
No Participant, beneficiary or any other person shall have any claim against any member of the Board or the Committee, the Company or
any Subsidiary, or any employees, officers, stockholders or agents of the Company or any subsidiary, as a result of any such action.

 

13.2
Recapitalization Adjustments. In the event that the Board determines that any dividend or other distribution (whether
in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization,
merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Common Stock or other securities of the Company, or
other corporate transaction or event affects the Common Stock such that an adjustment is determined by the Board, in its sole discretion,
to be necessary or appropriate in order to prevent dilution or enlargement of benefits or potential benefits intended to be made available
under the Plan, the Board may, in such manner as it in good faith deems equitable, adjust any or all of (i) the number of shares of Common
Stock or other securities of the Company (or number and kind of other securities or property) with respect to which Awards may be granted,
(ii) the number of shares of Common Stock or other securities of the Company (or number and kind of other securities or property) subject
to outstanding Awards, and (iii) the exercise price with respect to any Stock Option, or make provision for an immediate cash payment
to the holder of an outstanding Award in consideration for the cancellation of such Award.

 

    8

     

    

 

13.3
Mergers. If the Company enters into or is involved in any merger, reorganization, recapitalization, sale of all or substantially
all of the Company’s assets, liquidation, or business combination with any person or entity (such merger, reorganization, recapitalization,
sale of all or substantially all of the Company’s assets, liquidation, or business combination to be referred to herein as a “Merger
Event”), the Board may take such action as it deems appropriate, including, but not limited to, replacing such Stock Options
with substitute stock options and/or stock appreciation rights in respect of the shares, other securities or other property of the surviving
corporation or any affiliate of the surviving corporation on such terms and conditions, as to the number of shares, pricing and otherwise,
which shall substantially preserve the value, rights and benefits of any affected Stock Options or Stock Appreciation Rights granted hereunder
as of the date of the consummation of the Merger Event. Notwithstanding anything to the contrary in the Plan, if any Merger Event occurs,
the Company shall have the right, but not the obligation, to cancel each Participant's Stock Options and/or Stock Appreciation Rights
and to pay to each affected Participant in connection with the cancellation of such Participant's Stock Options and/or Stock Appreciation
Rights, an amount equal to the excess of the Fair Market Value, as determined by the Board, of the Common Stock underlying any unexercised
Stock Options or Stock Appreciation Rights (whether then exercisable or not) over the aggregate exercise price of such unexercised Stock
Options and/or Stock Appreciation Rights.  In the case of any Stock Option or Stock Appreciation Right with an exercise price that
equals or exceeds the price paid for a share of Common Stock in connection with the Merger Event, the Committee may cancel the Stock Option
or Stock Appreciation Right without the payment of consideration therefor.

 

Upon receipt by any affected
Participant of any such substitute stock options, stock appreciation rights (or payment) as a result of any such Merger Event, such Participant’s
affected Stock Options and/or Stock Appreciation Rights for which such substitute options and/or stock appreciation rights (or payment)
were received shall be thereupon cancelled without the need for obtaining the consent of any such affected Participant.

 

14.
Amendment, Suspension and Termination.

 

14.1
In General. The Board may suspend or terminate the Plan (or any portion thereof) at any time and may amend the Plan
at any time and from time to time in such respects as the Board may deem advisable to insure that any and all Awards conform to or otherwise
reflect any change in applicable laws or regulations, or to permit the Company or the Participants to benefit from any change in applicable
laws or regulations, or in any other respect the Board may deem to be in the best interests of the Company or any Subsidiary. No such
amendment, suspension or termination shall (x) materially adversely affect the rights of any Participant under any outstanding Stock Options,
Stock Appreciation Rights, Performance Units, or Restricted Share grants, without the consent of such Participant, (y) increase the number
of shares available for Awards pursuant to Section 4.2, or (z) change the performance criteria listed in Section 10.1, without stockholder
approval; provided, however, that the Board may amend the Plan, without the consent of any Participants, in any way it deems
appropriate to satisfy Code Section 409A and any regulations or other authority promulgated thereunder, including any amendment to the
Plan to cause certain Awards not to be subject to Code Section 409A.

 

14.2
Award Agreement Modifications. The Committee may (in its sole discretion) amend or modify at any time and from time
to time the terms and provisions of any outstanding Stock Options, Stock Appreciation Rights, Performance Units, or Restricted Share grants,
in any manner to the extent that the Committee under the Plan or any Award Agreement could have initially determined the restrictions,
terms and provisions of such Stock Options, Stock Appreciation Rights, Performance Units, and/or Restricted Share grants, including, without
limitation, changing or accelerating (a) the date or dates as of which such Stock Options or Stock Appreciation Rights shall become exercisable,
(b) the date or dates as of which such Restricted Share grants shall become vested, or (c) the performance period or goals in respect
of any Performance Units. No such amendment or modification shall, however, materially adversely affect the rights of any Participant
under any such Award without the consent of such Participant; provided, however, that the Committee may amend an Award without the consent
of the Participant, in any way it deems appropriate to satisfy Code Section 409A and any regulations or other authority promulgated thereunder,
including any amendment to or modification of such Award to cause such Award not to be subject to Code Section 409A.

 

    9

     

    

 

15.
Miscellaneous.

 

15.1
Tax Withholding. The Company shall have the right to deduct from any payment or settlement under the Plan, including,
without limitation, the exercise of any Stock Option or Stock Appreciation Right, or the delivery, transfer or vesting of any Common Stock
or Restricted Shares, any federal, state, local or other taxes of any kind which the Committee, in its sole discretion, deems necessary
to be withheld to comply with the Code and/or any other applicable law, rule or regulation. Shares of Common Stock may be used to satisfy
any such tax withholding. Such Common Stock shall be valued based on the Fair Market Value of such stock as of the date the tax withholding
is required to be made, such date to be determined by the Committee. In addition, the Company shall have the right to require payment
from a Participant to cover any applicable withholding or other employment taxes due upon any payment or settlement under the Plan.

 

15.2
No Right to Employment or Continuing Relationship. Neither the adoption of the Plan, the granting of any Award, nor
the execution of any Award Agreement, shall confer upon any employee, director, or consultant of the Company or any Subsidiary any right
to continued employment, directorship, or consulting relationship with the Company or any Subsidiary, as the case may be, nor shall it
interfere in any way with the right, if any, of the Company or any Subsidiary to terminate the employment, directorship, or consulting
relationship of any employee, director, or consultant at any time for any reason, even if such termination adversely affects such Participant’s
Awards.

 

15.3
Unfunded Plan. The Plan shall be unfunded and the Company shall not be required to segregate any assets in connection
with any Awards under the Plan. Any liability of the Company to any person with respect to any Award under the Plan or any Award Agreement
shall be based solely upon the contractual obligations that may be created as a result of the Plan or any such award or agreement. No
such obligation of the Company shall be deemed to be secured by any pledge of, encumbrance on, or other interest in, any property or asset
of the Company or any Subsidiary. Nothing contained in the Plan or any Award Agreement shall be construed as creating in respect of any
Participant (or beneficiary thereof or any other person) any equity or other interest of any kind in any assets of the Company or any
Subsidiary or creating a trust of any kind or a fiduciary relationship of any kind between the Company, any Subsidiary and/or any such
Participant, any beneficiary thereof or any other person.

 

15.4
Payments to a Trust. The Committee is authorized to cause to be established a trust agreement or several trust agreements
or similar arrangements from which the Committee may make payments of amounts due or to become due to any Participants under the Plan.

 

15.5
Other Company Benefit and Compensation Programs. Payments and other benefits received by a Participant under an Award
made pursuant to the Plan shall not be deemed a part of a Participant’s compensation for purposes of the determination of benefits
under any other employee welfare or benefit plans or arrangements, if any, provided by the Company or any Subsidiary unless expressly
provided in such other plans or arrangements, or except where the Board expressly determines in writing that inclusion of an Award or
portion of an Award should be included to accurately reflect competitive compensation practices or to recognize that an Award has been
made in lieu of a portion of competitive annual base salary or other cash compensation. Awards under the Plan may be made in addition
to, in combination with, or as alternatives to, grants, awards or payments under any other plans or arrangements of the Company or its
Subsidiaries. The existence of the Plan notwithstanding, the Company or any Subsidiary may adopt such other compensation plans or programs
and additional compensation arrangements as it deems necessary to attract, retain and motivate employees.

 

    10

     

    

 

15.6
Listing, Registration and Other Legal Compliance. No Awards or shares of the Common Stock shall be required to be issued
or granted under the Plan unless legal counsel for the Company shall be satisfied that such issuance or grant will be in compliance with
all applicable federal and state securities laws and regulations and any other applicable laws or regulations. The Committee may require,
as a condition of any payment or share issuance, that certain agreements, undertakings, representations, certificates, and/or information,
as the Committee may deem necessary or advisable, be executed or provided to the Company to assure compliance with all such applicable
laws or regulations. Certificates for shares of the Restricted Shares and/or Common Stock delivered under the Plan may be subject to such
stock-transfer orders and such other restrictions as the Committee may deem advisable under the rules, regulations, or other requirements
of the Securities and Exchange Commission, any stock exchange upon which the Common Stock is then listed, and any applicable federal or
state securities law. In addition, if, at any time specified herein (or in any Award Agreement or otherwise) for (a) the making of any
Award, or the making of any determination, (b) the issuance or other distribution of Restricted Shares and/or Common Stock, or (c) the
payment of amounts to or through a Participant with respect to any Award, any law, rule, regulation or other requirement of any governmental
authority or agency shall require either the Company, any Subsidiary or any Participant (or any estate, designated beneficiary or other
legal representative thereof) to take any action in connection with any such determination, any such shares to be issued or distributed,
any such payment, or the making of any such determination, as the case may be, shall be deferred until such required action is taken.
With respect to persons subject to Section 16 of the Exchange Act, transactions under the Plan are intended to comply with all applicable
conditions of Rule 16b-3 promulgated under the Exchange Act.

 

15.7
Award Agreements. Each Participant receiving an Award under the Plan shall enter into an Award Agreement with the Company
in a form specified by the Committee. Each such Participant shall agree to the restrictions, terms and conditions of the Award set forth
therein and in the Plan.

 

15.8
Designation of Beneficiary. Each Participant to whom an Award has been made under the Plan may designate a beneficiary
or beneficiaries to exercise any option or to receive any payment which under the terms of the Plan and the relevant Award Agreement may
become exercisable or payable on or after the Participant’s death. At any time, and from time to time, any such designation may
be changed or cancelled by the Participant without the consent of any such beneficiary. Any such designation, change or cancellation must
be on a form provided for that purpose by the Committee and shall not be effective until received by the Committee. If no beneficiary
has been designated by a deceased Participant, or if the designated beneficiaries have predeceased the Participant, the beneficiary shall
be the Participant’s estate. If the Participant designates more than one beneficiary, any payments under the Plan to such beneficiaries
shall be made in equal shares unless the Participant has expressly designated otherwise, in which case the payments shall be made in the
shares designated by the Participant.

 

15.9
Leaves of Absence/Transfers. The Committee shall have the power to promulgate rules and regulations and to make determinations,
as it deems appropriate, under the Plan in respect of any leave of absence from the Company or any Subsidiary granted to a Participant.
Without limiting the generality of the foregoing, the Committee may determine whether any such leave of absence shall be treated as if
the Participant has terminated employment with the Company or any such Subsidiary. If a Participant transfers within the Company, or to
or from any Subsidiary, such Participant shall not be deemed to have terminated employment as a result of such transfers.

 

    11

     

    

 

15.10
Clawback. Notwithstanding any other provisions in this Plan, the Company may cancel any Award, require
reimbursement of any Award by a Participant, and effect any other right of recoupment of equity or other compensation provided
under the Plan in accordance with any Company policies that may be adopted and/or modified from time to time ("Clawback
Policy"). In addition, a Participant may be required to repay to the Company previously paid compensation, whether provided
pursuant to the Plan or an Award Agreement, in accordance with the Clawback Policy. By accepting an Award, the Participant is
agreeing to be bound by the Clawback Policy, as in effect or as may be adopted and/or modified from time to time by the Company in
its discretion (including, without limitation, to comply with applicable law or stock exchange listing requirements).

 

15.11
Code Section 409A. This Plan and all Awards hereunder are intended to comply with the requirements of Code Section 409A
and any regulations or other authority promulgated thereunder. Notwithstanding any provision of the Plan or any Award Agreement to the
contrary, the Board and the Committee reserve the right (without the consent of any Participant and without any obligation to do so or
to indemnify any Participant or the beneficiaries of any Participant for any failure to do so) to amend this Plan and/or any Award Agreement
as and when necessary or desirable to conform to or otherwise properly reflect any guidance issued under Code Section 409A after the date
hereof without violating Code Section 409A. In the event that any payment or benefit made hereunder would constitute payments or benefits
pursuant to a non-qualified deferred compensation plan within the meaning of Code Section 409A and, at the time of a Participant‘s
“separation from service”, such Participant is a “specified employee” within the meaning of Code Section 409A,
then any such payments or benefits shall be delayed until the six-month anniversary of the date of such Participant’s “separation
from service”. Each payment made under this Plan shall be designated as a “separate payment” within the meaning of Code
Section 409A.

 

15.12
Governing Law. The Plan and all actions taken thereunder shall be governed by and construed in accordance with the laws
of the State of Nevada, without reference to the principles of conflict of laws thereof. Any titles and headings herein are for reference
purposes only, and shall in no way limit, define or otherwise affect the meaning, construction or interpretation of any provisions of
the Plan.

 

15.13
Effective Date. The Plan shall be effective upon its approval by the Board and adoption by the Company, subject to the
approval of the Plan by the Company’s stockholders in accordance with Section 422 of the Code. If such stockholder approval is not
obtained, the Plan and any awards granted under the Plan shall be null and void and of no force and effect.

 

    12

     

    

 

IN WITNESS WHEREOF, this Plan
is adopted by the Company on the 6th day of May, 2020, and as amended on the 25th day of June, 2021.

 

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

 

 

13

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