Document:

Exhibit 4.2

 

THIS CONVERTIBLE PROMISSORY NOTE HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE NOTE, OR DELIVERY
TO THE COMPANY OF AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE
OR HYPOTHECATION IS IN COMPLIANCE WITH THE ACT OR UNLESS SOLD IN FULL COMPLIANCE WITH RULE 144 UNDER THE ACT.

 

COMSOVEREIGN HOLDING CORP.

CONVERTIBLE PROMISSORY NOTE

 

Note Number: C-

 

	$[an aggregate of 11,150,000]	January 29, 2021

 

For value received,
COMSOVEREIGN HOLDING CORP., a Nevada corporation (the “Company”), unconditionally promises to pay to
[     ] or its assigns (the “Holder”) the principal sum of $[     ] with interest on the outstanding
principal amount as set forth below. The principal balance of this Note, together with the accrued interest thereon shall be due
and payable on the dates and in the manner set forth below.

 

1. Reference
to Merger Agreement. This Convertible Promissory Note (this “Note”) is one of a series of convertible promissory
notes (collectively, the “Convertible Debentures”) which are delivered pursuant to and in accordance with the
terms and conditions of that certain Agreement and Plan of Merger, dated as of August 24, 2020, by and between the Company, CHC
Merger Sub 8, LLC, Skyline Partners Technology LLC (“Skyline”), and the other parties named therein (as it may
be amended, the “Merger Agreement”). Capitalized terms used in this Note without definition shall have the meanings
given to them in the Merger Agreement.

 

2. Maturity;
Payments; Prepayment; Waiver of Presentment.

 

(a) Maturity
Date. This Note shall mature on January 29, 2026 (the “Maturity Date”). At any time on or after the Maturity
Date, if this Note has not been paid in full, the Holder, may: (i) by providing a Conversion Notice to the Company in accordance
with Section 3, below, elect to be paid in cash all unpaid accrued interest of this Note through the Conversion Date and convert
the unpaid principal of the Note into shares of CHC Common Stock in accordance with Section 3; (ii) demand payment of the entire
outstanding principal balance and all unpaid accrued interest under this Note (a “Payment Demand”); or (iii)
continue to hold this Note, in which case the interest rate shall be increased to fifteen percent (15%) and this Note shall thereafter
accrue interest at the rate of 15% per annum compounded annually, until such time as (x) Holder makes a Payment Demand and the
Note is repaid in full; or (y) this Note is converted in full pursuant to Section 3.

 

(b) Interest.
Interest on the outstanding principal amount shall accrue at the rate of 1.01% per annum and shall be adjusted to the Prime Rate
as published by the Wall Street Journal on each annual anniversary of the Closing Date so long as the Note is outstanding (subject
to adjustment as set forth below), or the maximum rate permissible by law, whichever is less, and calculated on the basis of a
365 day year for the actual number of days elapsed. Interest shall commence on the date hereof and shall continue on the outstanding
principal balance hereof until paid in full.

 

     

     

    

 

(c) Payments.

 

(i) The
Company shall make annual payments of all accrued, unpaid interest on the unpaid principal amount on January 1 of each year that
this Note is outstanding.

 

(ii) Following
the Maturity Date, the Company shall give the Holder written notice at least 15 days prior to any repayment of this Note so that
Holder may elect to convert the Note pursuant to Section 3 prior to any such repayment.

 

(iii) All
payments of principal and interest shall be in lawful money of the United States of America and shall be payable at the office
of the Holder listed on the Company’s records, unless another place of payment shall be specified in writing by the Holder.
All payments shall be applied first to any fees or expenses due to the Holder then to accrued interest, including any interest
that accrues after the commencement of a proceeding by or against the Company under Title 11 of the United States Code, and thereafter
to the outstanding principal balance hereof. If any payments on this Note become due on a Saturday, Sunday or a public holiday
under the laws of the State of Nevada, such payment shall be made on the next succeeding business day and such extension of time
shall be included in computing interest in connection with such payment. Each payment which is made on the Convertible Debentures
(whether of principal, interest, or any other amount) shall be allocated and remitted pro rata among the Holders of the
outstanding Convertible Debentures, based upon the aggregate outstanding principal amount on the Convertible Debentures. If any
Holder receives any payment (whether voluntary, involuntary, by application of offset, or otherwise) under this Note in excess
of Holder’s pro rata share of the payments received by all Holders of the Convertible Debentures, then Holder shall
hold in trust all such excess payments for the benefit of the Holders of the other Convertible Debentures, and shall pay such amounts
held in trust to such other Holders upon demand.

 

(d) Prepayment.
This Note may not be prepaid by the Company prior to the Maturity Date without the written consent of the Holder.

 

(e) Waiver.
The Company hereby waives demand, notice, presentment, protest and notice of dishonor.

 

3. Conversion.

 

(a) Within
three (3) business days of the receipt by the Company from the Holder of a written notice to convert this Note pursuant to this
Section 3 given at any time that is more than one (1) year after the date of issuance of this note (a “Conversion Notice”),
(i) the Company shall pay to the Holder any accrued and unpaid interest through the date on which such Conversion Notice is given
(the “Conversion Date”), and (ii) the Company shall instruct its transfer agent to convert the entire outstanding
principal balance hereof into a number of shares of common stock, par value $0.0001 per share, of the Company (the “CHC
Common Stock”) equal to (x) the outstanding principal balance hereof, divided by $5.22 (the “Conversion
Price”); provided that a Conversion Notice given on or after the Maturity Date must be made pursuant to the provisions
of Section 2(a), above. Notwithstanding any other provision of this Note to the contrary, this Note may not be converted at any
time within one (1) year of the date of issuance of this Note.

 

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(b) Corporate
Transaction. In the event that (i) the Company enters into an agreement pertaining to (A) a sale, lease, conveyance, exclusive
license or other disposition of all or substantially all of the assets of the Company or (B) (1) any consolidation or merger of
the Company with or into any other corporation or other entity or person, or any other corporate reorganization, in which the equityholders
of the Company immediately prior to such consolidation, merger or reorganization own less than fifty percent (50%) of the voting
power of the surviving or successor entity (or in the event stock or ownership interests of an affiliated entity are issued in
such transaction, less than fifty percent (50%) of the voting power of such affiliated entity) immediately after such consolidation,
merger or reorganization; or (2) any transaction or series of related transactions to which the Company is a party in which in
excess of fifty percent (50%) of the Company’s outstanding voting power is transferred; other than (x) any consolidation
or merger effected exclusively to change the domicile of the Company, or (y) any transaction or series of transactions principally
for bona fide equity financing purposes in which cash is received by the Company or any successor or indebtedness of the Company
is cancelled or converted or a combination thereof (each such event described in (A) and (B) above being referred to herein as
a “Corporate Transaction”), and (ii) the Note has not previously been paid in full or converted into capital
securities of the Company, then, before any distribution or payment shall be made to the holders of equity securities of the Company,
the Holder shall be entitled to be paid the greater of (X) the principal balance of this Note then outstanding plus unpaid accrued
interest thereon through the date of such Corporate Transaction, or (Y) the amount that the Holder would have received had the
Note been converted pursuant to Section 3(a) above.

 

(c) Conversion
Procedures. Upon the conversion of this Note pursuant to Section 2(a) or Section 3(a), this Note shall be converted automatically
without any further action by the Holder and whether or not this Note is surrendered to the Company or its transfer agent.

 

(d) Fractional
Equity. No fractional share shall be issued upon the conversion of this Note. All shares issuable upon conversion of the outstanding
principal amount of this Note shall be aggregated for purposes of determining whether the conversion would result in the issuance
of any fractional share. If, after the aforementioned aggregation, the conversion would result in the issuance of a fraction of
a share, the Company shall, in lieu of issuing any fractional share, either pay the Holder who is otherwise entitled to such fraction
a sum in cash equal to the fair market value of such fraction on the date of conversion (as determined in good faith by the Board
of the Company) or issue a full share in lieu of such fractional share.

 

(e) Restrictive
Legends. If, at the time of conversion of this Note, the Holder has held this Note for a period of at least one year and the
Holder has not been for a period of at least three months an “affiliate” of the Company, the Company shall cause to
be delivered to its transfer agent in connection with the issuance of the shares of CHC Common Stock issuable upon such conversion,
a legal opinion from the Company’s corporate counsel opining that, pursuant to Rule 144 under the Securities Act, such shares
of CHC Common Stock need not include any restrictive legend or market place trading or transfer restrictions.

 

(f) Adjustment
of Conversion Price. If the Company subdivides (by any stock split, stock dividend, recapitalization or otherwise) its outstanding
shares of CHC Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision
will be proportionately reduced. If the Company at any time combines (by combination, reverse stock split or otherwise) its outstanding
shares of CHC Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination
will be proportionately increased. Any adjustment pursuant to this Section 3(f) shall become effective immediately after the effective
date of such subdivision or combination.

 

4. Default.

 

(a) Each
of the following events shall be an “Event of Default” hereunder:

 

(i) the
Company engages in any liquidation, dissolution or winding up;

 

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(ii) the
Company transfers substantially all of the assets or voting control over a material subsidiary;

 

(iii) the
Company files any petition or action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any other
law for the relief of, or relating to, debtors, now or hereafter in effect, or makes any assignment for the benefit of creditors
or takes any corporate action in furtherance of any of the foregoing;

 

(iv) an
involuntary petition is filed against the Company under any bankruptcy statute now or hereafter in effect and such petition continues
without dismissal for a period of 90 days or more, or a custodian, receiver, trustee, assignee for the benefit of creditors (or
other similar official) is appointed to take possession, custody or control of any property of the Company;

 

(v) the
Company executes an assignment for the benefit of creditors with respect to a majority of its assets;

 

(vi) the
Company fails to make any payment of interest under this Note within five (5) days of the date due;

 

(vii) the
Company fails to pay this Note and any and all unpaid principal, accrued interest or other amounts owing hereunder at any time
on or after Holder makes a Payment Demand following the Maturity Date;

 

(viii) any
default under any agreement of the Company with a third party which consists of the failure to pay indebtedness for borrowed money
in excess of $2,500,000 at maturity or which results in a right by such third party, whether or not exercised, to accelerate the
maturity of such indebtedness for borrowed money of the Company, including, without limitation, the occurrence of any Event of
Default (as defined) under the CHC Term Debentures issued pursuant to the Merger Agreement;

 

(ix) the
Company fails to convert this Note as required hereunder and the Company fails to cure such breach within five (5) days of the
Company becoming aware of the occurrence of such breach;

 

(x) (A)
the Company fails to file any form, report or document required to be filed with the Securities Exchange Commission within 10 days
of the due date thereof, (B) the Company voluntarily begins a process to delist from any stock exchange on which the CHC Common
Stock is then listed, or (C) the Company receives any delisting warning from any stock exchange on which the CHC Common Stock is
then listed and such warning is not cured or withdrawn within 120 days; and

 

(xi) the
Company breaches any covenant or agreement in any material respect made by Company in this Note (except as set forth in (vi) or
(ix) above) and, as to any breach that is capable of cure, Company fails to cure such breach within thirty (30) days of the Company
becoming aware of the occurrence of such breach.

 

(b) Upon
the occurrence and following any Event of Default hereunder, all unpaid principal, accrued interest and other amounts owing hereunder
shall, at the option of the Holder, and, in the case of an Event of Default pursuant to Section 3(a)(iii) or (iv) above, automatically,
be immediately due, payable and collectible by the Holder pursuant to applicable law.

 

(c) In
the event of any Event of Default hereunder, the Company shall pay all reasonable attorneys’ fees and court costs incurred
by the Holder in enforcing and collecting this Note.

 

(d) Upon
and during the occurrence of any Event of Default, interest shall accrue thereafter at the rate of 15% per annum compounded annually.

 

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5. Notification
of Default. Until the payment of all amounts due under the Convertible Debentures, the Company shall give written notice to
Holder of any event which, with or without notice or passage of time or both would constitute an Event of Default within five business
days of becoming aware of such event.

 

6. Usury.
In no event shall the interest rate or rates payable under this Note plus any other amounts paid in connection herewith and therewith,
exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem
applicable. The Company and the Holder, in executing and delivering this Note, intend legally to agree upon the rate or rates of
interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary
notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then,
ipso facto, as of the date of this Note, the Company is and shall be liable only for the payment of such maximum as allowed
by law, and payment received from the Company in excess of such legal maximum, whenever received, shall be applied to reduce the
principal balance of any remaining obligations to the extent of such excess.

 

7. Miscellaneous.

 

(a) Tax
Status of Note. The Company intends that this Note represents indebtedness of the Company for federal income tax purposes,
and that this Note does not bear original issue discount as determined for U.S. federal income tax purposes. The Company shall
report for all U.S. federal income tax purposes in accordance with the intentions described in preceding sentence.

 

(b) Notices. All
notices required or permitted by this Note shall be in writing and shall be deemed effectively given: (i) upon personal
delivery to the recipient; (ii) when sent by confirmed facsimile or electronic mail during normal business hours of the recipient,
and if not sent during normal business hours of the recipient, then on the next business day; (iii) five calendar days after having
been sent by registered or certified mail, with return receipt requested and postage prepaid; or (iv) one business day after deposit
with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications
to the Company shall be sent to the Company at 5000 Quorum Drive, Suite 400, Dallas, Texas 75254, Attention: Chief Financial Officer,
Email: bmihelich@comsovereign.com (or at such other address or to the attention of such other person as the Company may designate
by ten days’ advance written notice to the Holder) with a copy to Pryor Cashman LLP, 7 Times Square, New York, New York
10036, Attention: Eric M. Hellige, Esq., Email: ehellige@pryorcashman.com; and to Holder at the address set forth on the Signature
Page attached hereto (or at such other address or to the attention of such other person as Holder may designate by ten days’
advance written notice to the Company).

 

(c) Successors
and Assigns. The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors
and assigns of the parties.

 

(d) Governing
Law. This Note shall be governed by and construed under the laws of the State of Delaware as applied to agreements among Delaware
residents, made and to be performed entirely within the State of Delaware.

 

(e) Titles
and Subtitles. The titles and subtitles used in this Note are used for convenience only and are not to be considered in construing
or interpreting this Note.

 

(f) Amendment
and Waiver. This Note may be amended only with the written consent of the Company and the Holder.

 

(g) Cumulative
Remedies. The Holder’s rights and remedies hereunder shall be cumulative. No exercise by the Holder of one right or remedy
shall be deemed an election, and no waiver by the Holder of any Event of Default shall be deemed a continuing waiver.

 

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IN WITNESS WHEREOF,
the Company has caused this Note to be duly executed and delivered as of the day and year first written above.

 

	 	COMSOVEREIGN HOLDING CORP.
	 	 	 	                            
	 	By:	 
	 	 	Name: 	 
	 	 	Title:	 

 

 

6Exhibit 4.3

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE
MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR IN ACCORDANCE WITH AN EXEMPTION FROM REGISTRATION UNDER THAT ACT.

 

COMMON STOCK PURCHASE WARRANT

COMSOVEREIGN HOLDING CORP.

NOT EXERCISABLE AFTER JANUARY 26, 2026

 

	Warrant Shares: _______	Initial Exercise Date: January 26, 2021
	 	Issue Date: January 26, 2021

 

Warrant No. CSHC21-01xx

 

THIS COMMON STOCK PURCHASE WARRANT (the
“Warrant”) certifies that, for value received, _____________ or its assigns (the “Holder”)
is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on
or after January 26, 2021 (the “Initial Exercise Date”) and on or prior to the close of business on the five
(5) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter (the “Exercise
Period”), to subscribe for and purchase from COMSovereign Holding Corp., a Nevada corporation (the “Company”),
up to ______ shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase
price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

 

1. Definitions.
In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings indicated in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Business Day”
means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which
banking institutions in the State of New York are authorized or required by law or other governmental action to close.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Common Stock”
means the common stock, par value $0.0001 per share, of the Company and any other class of securities into which such securities
may hereafter be reclassified or changed.

 

“Common Stock
Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire
at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common
Stock.

 

“Corporation”
means COMSovereign Holding Corp., a Nevada corporation, or its successor.

 

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“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Expiration
Date” means January 26, 2026.

 

“Liens”
means a lien, charge pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

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

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

 

“Rule 144”
means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

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

 

“Trading Market”
means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question:
the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, or the New York Stock
Exchange (or any successors to any of the foregoing).

 

“Warrants”
means this Warrant and other Common Stock Purchase Warrants issued by the Company pursuant to the Registration Statement.

 

“Warrant Price”
means $4.50 per share of Common Stock, as such amount may be adjusted pursuant to Section 4 hereof. 

 

2. Exercise
of Warrant. At any time before the Expiration Date, the Holder may exercise the purchase rights represented by this Warrant,
in whole or in part, by surrendering this Warrant and the duly executed Notice of Exercise form attached hereto at the Corporation’s
principal corporate office pursuant to the Notice provisions of Section 11, and by paying the Corporation, by check payable to
the Corporation, the aggregate Warrant Price for the shares of Common Stock being purchased.

 

2.1 Delivery
of Certificates. Within fourteen (14) days after receipt of each exercise of the purchase rights represented by this Warrant,
the Corporation’s transfer agent shall deliver a book entry statement for the shares of Common Stock so purchased to the
Holder and, unless this Warrant has been fully exercised or expired, the Corporation shall deliver a new Warrant representing the
balance of the shares of Common Stock subject to this Warrant.

 

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2.2 Effect
of Exercise. The person entitled to receive the shares of Common Stock issuable upon any exercise of the purchase rights represented
by this Warrant shall be treated for all purposes as the holder of such shares of record as of the close of business on the date
of exercise.

 

2.3 Issuance
Taxes. The Corporation shall pay all issuance tax that may be payable in respect of any issuance to the Holder of shares of
Common Stock upon exercise of this Warrant.

 

3. Stock
Fully Paid; Reservation of Shares. The Corporation covenants and agrees that all securities that it may issue upon the exercise
of the rights represented by this Warrant will, upon issuance, be fully paid and nonassessable and free from all taxes, liens and
charges. The Corporation further covenants and agrees that, during the period within which the Holder may exercise the rights represented
by this Warrant, the Corporation shall at all times have authorized and reserved for issuance enough shares of its Common Stock
or other securities for the full exercise of the rights represented by this Warrant. The Corporation shall not, by an amendment
to its Articles of Incorporation or through reorganization, consolidation, merger, dissolution, issue or sale of securities, sale
of assets or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant.

 

4. Adjustments.
The Warrant Price and the number of shares of Common Stock that the Corporation must issue upon exercise of this Warrant shall
be subject to adjustment in accordance with Sections 4.1 through 4.3.

 

4.1 Adjustment
to Warrant Price for Combinations or Subdivisions of Common Stock. If the Corporation at any time or from time to time after
the date on which the Warrant Price is fixed at a set amount in U.S. dollars (1) declares or pays, without consideration, any dividend
on the Common Stock payable in Common Stock; (2) creates any right to acquire Common Stock for no consideration; (3) sub-divides
the outstanding shares of Common Stock (by stock split, reclassification or otherwise); or (4) combines or consolidates the outstanding
shares of Common Stock, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Corporation shall
proportionately increase or decrease the Warrant Price, as appropriate.

 

4.2 Adjustments
for Reclassification and Reorganization. If the Common Stock issuable upon exercise of this Warrant changes into shares of
any other class or classes of security or into any other property for any reason other than a subdivision or combination of shares
provided for in Section 4.1, including without limitation any reorganization, reclassification, merger or consolidation, the Corporation
shall take all steps necessary to give the Holder the right, by exercising this Warrant, to purchase the kind and amount of securities
or other property receivable upon any such change by the owner of the number of shares of Common Stock subject to this Warrant
immediately before the change.

 

4.3 Certificates
as to Adjustments. Upon each adjustment or readjustment required by this Section 4, the Corporation at its expense shall promptly
compute such adjustment or readjustment in accordance with this Section, cause independent public accountants selected by the Corporation
to verify such computation and prepare and furnish to the Holder a certificate setting forth such adjustment or readjustment and
showing in detail the facts upon which such adjustment or readjustment is based.

 

5. Fractional
Shares. The Corporation shall not issue any fractional shares in connection with any exercise of this Warrant. If any fraction
of a share would be issuable on the exercise of this Warrant (or specified portions thereof), the the number of shares of Common
Stock to be issued shall be rounded up (if 0.5 or over) or down to the nearest whole share.

 

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6. Dissolution
or Liquidation. If the Corporation dissolves, liquidates or winds up its business before the exercise or expiration of this
Warrant, the Holder shall be entitled, upon exercising this Warrant, to receive in lieu of the shares of Common Stock or any other
securities receivable upon such exercise, the same kind and amount of assets as would have been issued, distributed or paid to
it upon any such dissolution, liquidation or winding up with respect to such shares of Common Stock or other securities, had the
Holder been the holder of record on the record date for the determination of those entitled to receive any such liquidating distribution
or, if no record is taken, upon the date of such liquidating distribution. If any such dissolution, liquidation or winding up results
in a cash distribution or distribution of property which the Corporation's Board of Directors determines in good faith to have
a cash value in excess of the Warrant Price provided by this Warrant, then the Holder may, at its option, exercise this Warrant
without paying the aggregate Warrant Price and, in such case, the Corporation shall, in making settlement to Holder, deduct from
the amount payable to Holder an amount equal to such aggregate Warrant Price.

 

7. No
Rights as a Stockholder. This Warrant does not entitle the Holder to any voting rights or other rights as a stockholder, either
at law or equity, of the Corporation prior to the exercise of this Warrant.

 

8. Transfer,
Exchange, and Compliance with Securities Laws.

 

8.1 Transfer.
Subject to Section 8.3, the Holder may transfer all or part of this Warrant at any time on the books of the Corporation at its
principal office upon surrender of this Warrant, properly endorsed. Upon such surrender, the Corporation shall issue and deliver
to the transferee a new Warrant or Warrants representing the Warrants so transferred. Upon any partial transfer, the Corporation
shall issue and deliver to the Holder a new Warrant or Warrants with respect to the Warrants not so transferred.

 

8.2 Exchange.
The Holder may exchange this Warrant at any time at the principal office of the Corporation for Warrants in such denominations
as the Holder may designate in writing. No such exchanges will increase the total number of shares of Common Stock or other securities
that are subject to this Warrant.

 

8.3 Securities
Act of 1933. By accepting this Warrant, the Holder agrees that this Warrant and the shares of the Common Stock issuable upon
exercise of this Warrant may not be offered or sold except in compliance with the Securities Act, and then only with the recipient's
agreement to comply with this Section 8 with respect to any resale or other disposition of such securities. The Corporation may
make a notation on its records in order to implement such restriction on transferability.

 

8.4 Own
Account. The Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant and the Common Stock issuable upon
exercise hereof are being acquired solely for the Holder’s own account and not as a nominee for any other party, and for
investment, and that the Holder will not offer, sell, or otherwise dispose of this Warrant or any shares of Common Stock to be
issued upon exercise hereof except under circumstances that will not result in a violation of the Securities Act or any state or
foreign securities laws. Upon exercise of this Warrant, the Holder shall, if requested by the Corporation, confirm in writing,
in a form satisfactory to the Corporation, that the shares of Common Stock so purchased are being acquired solely for Holder’s
own account and not as a nominee for any other party, for investment, and not with a view toward distribution or resale.

 

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8.5 Registration.
Holder understands that the Corporation intends, within fifteen (15) business days of the date the Corporation files its Annual
Report on Form 10-K for the year ended December 31, 2020, to file with the Securities and Commission (the “SEC”)
a Registration Statement on Form S-1 (the “Registration Statement”) covering the resale of the shares of Common Stock
underlying the Warrants for an offering to be made on a continuous basis pursuant to Rule 415 of the Securities Act. The Company
shall use its reasonable best efforts to cause such Registration Statement to be declared effective under the Securities Act as
soon as possible and shall use its reasonable best efforts to keep the Registration Statement continuously effective during the
entire period that the Warrants remain outstanding (or until such earlier time as the shares of Common Stock underlying the Warrants
are freely tradeable without such registration). Within two Business Days immediately following the effective date of such Registration
Statement, the Corporation intends to file with the SEC in accordance with Rule 424 under the Securities Act the final prospectus
to be used in connection with sales pursuant to such Registration Statement (whether or not such filing is technically required
under such Rule). Holder understands that until such Registration Statement becomes effective: (i) that the Securities issuable
upon exercise of Holder’s rights contained herein are not registered under the Securities Act or qualified under applicable
state securities laws on the ground that the issuance contemplated by this Warrant will be exempt from the registration and qualification
requirements thereof, and (ii) that the Company’s reliance on such exemption is predicated on the Holder’s representations
set forth herein. In the absence of an effective Registration Statement, each certificate representing shares of Common Stock issued
on exercise of this Warrant or other securities issued in respect of such Common Stock upon any stock split, stock dividend, recapitalization,
merger, consolidation or similar event, shall be stamped or otherwise imprinted with a legend substantially in the following form
(in addition to any other legend required under applicable securities laws):

 

THE SHARES OF COMMON STOCK EVIDENCED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY APPLICABLE STATE
SECURITIES LAWS ("STATE ACTS") AND ARE RESTRICTED SECURITIES AS THAT TERM IS DEFINED IN RULE 144 UNDER THE SECURITIES
ACT. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
OR QUALIFICATION UNDER THE SECURITIES ACT AND APPLICABLE STATE ACTS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT AND APPLICABLE STATE ACTS, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

 

9. Loss
or Mutilation. Upon the Corporation's receipt of reasonably satisfactory evidence of the ownership and the loss, theft, destruction
or mutilation of this Warrant and (in the case of loss, theft or destruction) of a reasonably satisfactory indemnity or (in the
case of mutilation) upon surrender and cancellation of this Warrant, the Corporation shall execute and deliver a new Warrant to
the Holder.

 

10. Successors.
All the covenants and provisions of this Warrant shall bind and inure to the benefit of the Holder and the Corporation and their
respective successors and assigns.

 

    5

     

    

 

11. Notices.
All notices and other communications given pursuant to this Warrant shall be in writing and shall be deemed to have been given
when personally delivered or when mailed by prepaid registered, certified or express mail, return receipt
requested. Notices should be addressed as follows:

 

(a) If
to Holder, then to the address of the Holder on file in the books and records of the Company.

 

 (b) If to the Corporation, then to:

 

COMSovereign Holding Corp.

5000 Quorum Drive STE 400

Dallas, TX 75254

Attention: Kevin M. Sherlock, General
Counsel

ksherlock@comsovereign.com

 

With a copy (which shall not constitute notice) to:

 

Eric M. Hellige, Esq.

Pryor Cashman LLP

7 Times Square

New York, New York 10036

ehellige@pryorcashman.com

 

Such addresses for notices may be changed
by any party by notice to the other party pursuant to this Section 11.

 

12. Amendment.
This Warrant may be amended only by an instrument in writing signed by the Corporation and the Holder.

 

13. Construction
of Warrant. This Warrant shall be construed as a whole and in accordance with its fair meaning. A reference in this Warrant
to any section shall be deemed to include a reference to every section the number of which begins with the number of the section
to which reference is made. This Warrant has been negotiated by both parties and its language shall not be construed for or against
any party.

 

14. Law
Governing. This Warrant is executed, delivered and to be performed in the State of New York and shall be construed and enforced
in accordance with and governed by the New York law without regard to any conflicts of law or choice of forum provisions.

 

	Dated as of January 26, 2021.	 
	 	 
		COMSOVEREIGN HOLDING CORP.
	 	 
		By:	 
	 	 	Daniel Hodges 
	 	 	Chief Executive Officer

 

    6

     

    

 

NOTICE OF EXERCISE

(To be executed only upon exercise of
Warrant)

 

To: COMSovereign Holding Corp.

 

(1) The undersigned hereby elects to purchase shares of common
stock of COMSovereign Holding Corp. pursuant to the terms of the attached Warrant (the “Warrant”) and irrevocably
elects to exercise the attached Warrant and to purchase _________________ shares of Common Stock and tenders herewith payment of
the purchase price in full.

 

(2) In exercising the Warrant, the undersigned hereby confirms
and acknowledges that the shares of common stock to be issued upon exercise hereof are being acquired solely for the account of
the undersigned and not as a nominee for any other party, and for investment and that the undersigned will not offer, sell or otherwise
dispose of any such shares of common stock except under circumstances that will not result in a violation of the Securities Act
of 1933, as amended, or any state or foreign securities laws.

 

(3) Please issue a certificate or certificates representing
said shares of common stock in the name of the undersigned or in such other name as is specified below:

 

	_________________________________
	(Please type or print name)
	 
	_________________________________
	(Address)
	 
	_________________________________
	 
	_________________________________
	(Social Security or Taxpayer I.D. No.)
	 
	_________________________________
	(Email address)
	 
	_________________________________
	(Phone number)
	 

 

	Dated:	____________________	 	_________________________________________
	 	 	 	(Signature of Registered Holder)

 

If such number of shares of Common Stock
hereby exercised shall not be all the shares of Common Stock evidenced by such Warrant, a new Warrant for the balance of such shares
of Common Stock shall be registered in the name of, and delivered to, the Holder at the address stated above, unless otherwise
indicated. Capitalized terms used and not defined herein shall have the respective meaning ascribed to them in the attached Warrant.

 

    7

     

    

 

FORM OF ASSIGNMENT

 

FOR VALUE RECEIVED,
the undersigned registered Holder of this Warrant sells, assigns and transfers unto the Assignee named below all of the rights
of the undersigned under the Warrant, with respect to the number of shares of Common Stock set forth below (the “Transfer”):

 

	Name of Assignee	 	Address	 	No. of Shares
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

The undersigned irrevocably constitutes
and appoints COMSovereign Holding Corp.’s corporate Secretary as the undersigned’s attorney-in-fact, with full power
of substitution, to make the transfer on the books of COMSovereign Holding Corp.

 

	Dated:	 	 
	 	 	 
		 	(Signature of Registered Holder)

 

 

8

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