Document:

Exhibit 10.53

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

EMPLOYMENT AGREEMENT,
dated this 3rd day of May 2013 (the “Agreement”), by and between CIG Wireless Corp., a Nevada
corporation (the “Company”), and B. Eric Sivertsen (the “Executive”).

 

WHEREAS, the Company
and Liberty Towers, LLC are entering into a Purchase Sale Agreement as of even date herewith (“PSA”). The negotiations,
purchase, sale, and closing related to the acquisition of Liberty Towers, LLC are collectively referred to as the “Liberty
Towers Acquisition”;

 

WHEREAS, as part of
the Liberty Towers Acquisition, the Company has agreed to hire and employ the Executive as Executive Vice President of Legal and
Compliance (“EVP of Legal and Compliance”) of the Company and the Executive desires to serve in such
capacity pursuant to the terms and conditions hereof;

 

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

 

1.            Position;
Duties; Place of Performance.

 

1.1           Position.
The Company hereby engages the Executive to serve as EVP of Legal and Compliance of the Company subject to the terms and conditions
of this Agreement.

 

1.2           Duties.
During the Employment Period (defined below), the Executive shall have such duties, authority and responsibility as shall be determined
from time to time by the Chief Executive Officer of CIG Wireless Corp. (the “CEO”), provided that such duties,
authority and responsibility are reasonably consistent with the Executive’s position. The Executive agrees that during his
employment hereunder, he shall exclusively devote 100% of his professional working time, attention, knowledge and experience and
give his best effort, skill and abilities to promote the business and interests of the Company as reasonably directed by the CEO
pursuant to policies of the Board of Directors of the Company (the “Board”). This provision shall not be construed
to restrict the Executive from participating in volunteer activities for nonprofit organizations or serving on boards or committees
of organizations or entities that are approved by the Board (not to be unreasonably withheld, conditioned or delayed).

 

1.3           Place
of Performance. The principal place of Executive’s performance of his duties shall be from the Executive’s home,
provided, however, the Executive may be required to travel on Company business during the period of his employment and the Executive
agrees that he will work at least two (2) business days per week at the Company’s headquarters currently located at 5 Concourse
Parkway, Suite 3100, Atlanta, Georgia 30328. The Executive shall not be required to work more than five (5) business days each
week. If the Executive is traveling on Company business four (4) or more business days per week then Executive’s presence
at the Company’s headquarters during such week shall be excused and reduced by one (1) business day for each business day
of external business travel on the fourth and/or fifth business day of such week thereof. Travel for commuting purposes of Executive
shall not be deemed to constitute travel on Company business.

 

2.            Employment
Period. This Agreement shall be effective as of the date of the closing of the Liberty Tower Acquisition (the “Effective
Date”) until the second anniversary of the Effective Date (the “Employment Period”) unless
otherwise terminated pursuant to Section 8. The period in which this Agreement shall be effective within each Employment Period
is referred to as a “Term.”

 

3.            Compensation
and Benefits.

 

3.1           Base
Salary. The Executive shall be paid a base salary of One Hundred and Seventy-Five Thousand Dollars ($175,000) per annum during
the Term, pro-rated for any partial year of employment, less applicable statutory and regulatory deductions (each year, the “Base
Salary”), which shall be payable in accordance with the Company’s standard payroll practices, as the same may be
administered from time to time.

 

    	 

    	 

    

 

3.2           Stock
Options. The Executive shall hereby be granted the option to purchase 250,000 shares of the Company’s common stock, par
value $0.00001 per share, pursuant to the terms and conditions set forth in the Stock Options Agreement between the Company and
the Executive attached hereto as Exhibit A. Each such option shall be priced at an exercise price equal to the volume-weighted
average closing price of the Company’s common stock for the twenty (20) trading days immediately prior to and including the
Effective Date, of which one-third (1/3) of such options shall vest as of the Effective Date; one-third (1/3) of such options shall
vest on the first anniversary of the Effective Date; and one-third (1/3) of such options shall vest on the second anniversary of
the Effective Date.

 

3.3           Benefits.
During the Employment Term, the Executive shall be entitled to participate in all employee benefit plans, practices and programs
maintained by the Company, as in effect from time to time (collectively, “Employee Benefit Plans”), on a basis
which is no less favorable than is provided to other similarly situated executives of the Company, to the extent consistent with
applicable law and the terms of the applicable Employee Benefit Plans. The Company reserves the right to amend or cancel any Employee
Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.

 

3.4           Vacation.
The Executive shall be entitled to fifteen (15) business days of paid vacation for each calendar year in accordance with Company
policies as determined by the Board and pro-rated for any partial year of employment.

 

3.5           Expense
Reimbursement. The Executive shall be entitled to reimbursement of reasonable out-of-pocket expenses incurred in connection
with travel, communications and matters related to the Company’s business and affairs (including expenses related to travel
between the Executive’s home and the Company’s headquarters), if made in accordance with written Company policies as
in effect from time to time as adopted by the Board; provided however that any reimbursement payments made for the Executive’s
commute between his home and the Company’s headquarters in Atlanta, Georgia shall be treated as income paid to the Executive.

 

3.6           Indemnification.
The Company shall indemnify the Executive to the maximum extent provided in the Company’s Certificate of Incorporation and
By-Laws in effect on the date hereof and under applicable law.  The Executive shall be provided coverage pursuant to directors
and officers insurance to the same extent as other directors and officers of the Company.  This provision shall survive termination
of this Agreement.

 

4.            Acknowledgements.

 

4.1           Nature
of Executive’s Position. The Executive acknowledges, agrees, represents and warrants that the Executive’s position
as EVP of Legal and Compliance of the Company is a position of significant trust and responsibility and that during the course
of his employment, his duties and responsibilities as EVP of Legal and Compliance will require him to: (a) perform duties with
the responsibility of: (i) primarily managing the Company or a customarily recognized department or subdivision of the Company;
(ii) customarily and regularly directing the work of two or more other employees; and (ii) hiring or firing other employees or
having particular weight given to suggestions and recommendations as to the hiring, firing, advancement, promotion, or any other
change of status of other employees; or (b) perform the duties of a Key Employee or of a Professional (each as defined below).

 

4.2           Reasonableness
of Restriction. The Executive further acknowledges, agrees, represents and warrants that the Company’s business is unique
and highly specialized and the restrictive covenants set forth in this Agreement are (i) narrowly tailored; (ii) necessary and
reasonable to protect, without limitation, the Discoveries and Works of the Company (defined below) and its customers, prospective
customers, vendors and suppliers, as well as the Company’s goodwill, (iii) not greater than necessary for the protection
of the Company’s legitimate interests and goodwill, and (iv) will only minimally burden the Executive’s opportunity
and ability to successfully and profitably work in the Executive’s chosen field following the end of the Executive’s
employment with the Company.

 

4.3           Ability
to Practice Law. The Company and the Executive acknowledge and understand that the confidentiality obligations and restrictions
set forth in this Agreement shall in no way restrict the Executive’s right to practice law and do not expand the scope of
the duty of confidentiality under applicable rules of attorney professional conduct.

 

    	2

    	 

    

 

4.4           Definitions.

 

(a)          For
purposes of this Agreement, the term “Key Employee” shall mean an employee who, by reason of the Company’s
investment of time, training, money, trust, exposure to the public, or exposure to customers, vendors, or other business relationships
during the course of the employee’s employment with the Company, has gained a high level of notoriety, fame, reputation,
or public persona as the Company’s representative or spokesperson or has gained a high level of influence or credibility
with the Company’s customers, vendors, or other business relationships or is intimately involved in the planning for or direction
of the business of the Company or a defined unit of the business of the Company. Such term also means an employee in possession
of selective or specialized skills, learning, or abilities or customer contacts or customer information who has obtained such skills,
learning, abilities, contacts, or information by reason of having worked for the Company.

 

(b)          For
purposes of this Agreement, the term “Professional” shall mean an employee who has as a primary duty the performance
of work requiring knowledge of an advanced type in a field of science or learning customarily acquired by a prolonged course of
specialized intellectual instruction or requiring invention, imagination, originality, or talent in a recognized field of artistic
or creative endeavor.

 

5.            Trade
Secrets.

 

5.1           Trade
Secret Covenants. The Executive agrees that it is in the Company’s legitimate business interest to restrict disclosure
or use of Trade Secrets and Confidential Information (as defined below) relating to the Company and its affiliates as provided
herein, and Executive agrees not to disclose or use the Trade Secrets and/or Confidential Information relating to the Company or
its affiliates for any purpose other than in connection with his performance of his duties to the Company.

 

5.2           “Trade
Secrets” shall mean all confidential and proprietary information belonging to the Company (including ideas, formulas,
compositions, inventions (whether patentable or unpatentable and whether or not reduced to practice), know-how, manufacturing and
production processes and techniques, research and development information, drawings, specifications, designs, plans, proposals,
technical data, copyrightable works, financial and marketing plans and customer and supplier lists and information). 

 

5.3           “Confidential
Information” means all information other than Trade Secrets belonging to, used by, or which is in the possession of the
Company and relating to the Company’s business or assets specifically including, but not limited to, information relating
to the Company’s products, services, strategies, pricing, customers, representatives, suppliers, distributors, technology,
finances, employee compensation, computer software and hardware, inventions, developments, in each case to the extent that such
information is not required to be disclosed by applicable law or compelled to be disclosed by any governmental authority.

 

5.4           Trade
Secret Exceptions. Notwithstanding the foregoing, the terms “Trade Secrets” and “Confidential Information”
do not include information that (i) is or becomes generally available to or known by the public (other than as a result of a disclosure
by the Executive), provided, that the source of such information is not known by the Executive to be bound by a confidentiality
agreement with the Company; or (ii) is independently developed by the Executive without violating this Agreement.

 

6.          Discoveries
and Works. All Discoveries and Works made or conceived by the Executive during his employment by the Company, solely, jointly
or with others, that relate to the Company’s present or anticipated activities, or are used or useable by the Company shall
be owned by the Company. For the purposes of this Section 6, (including the definition of “Discoveries and Works”)
the term “Company” shall include the Company and its affiliates. The term “Discoveries and Works”
includes, by way of example but without limitation, Trade Secrets and other Confidential Information, patents and patent applications,
service marks, and service mark registrations and applications, trade names, copyrights and copyright registrations and applications.
The Executive shall (a) promptly notify, make full disclosure to, and execute and deliver any documents requested by the Company,
as the case may be, to evidence or better assure title to Discoveries and Works in the Company, as so requested, (b) renounce any
and all claims, including but not limited to claims of ownership and royalty, with respect to all Discoveries and Works and all
other property owned or licensed by the Company, (c) assist the Company in obtaining or maintaining for itself at its own expense
United States and foreign patents, copyrights, trade secret protection or other protection of any and all Discoveries and Works,
and (d) promptly execute, whether during his employment with the Company or thereafter, all applications or other endorsements
necessary or appropriate to maintain patents and other rights for the Company and to protect the title of the Company thereto,
including but not limited to assignments of such patents and other rights. Any Discoveries and Works which, within one year after
the expiration or termination of the Executive’s employment with the Company, are made, disclosed, reduced to tangible or
written form or description, or are reduced to practice by the Executive and which pertain to the business carried on or products
or services being sold or delivered by the Company at the time of such termination shall, as between the Executive and, the Company,
be presumed to have been made during the Executive’s employment by the Company. The Executive acknowledges that all Discoveries
and Works shall be deemed “works made for hire” under the U.S. Copyright Act of 1976, as amended 17 U.S.C. Sect.
101. Should the Executive refuse or fail to perform such acts or execute such documents, instruments or certificates, the Company
may do so as the Executive’s attorney-in-fact for such purpose.

 

    	3

    	 

    

 

7.            Non-Competition;
Non-Solicitation.

 

7.1           During
the Term of Employment. During the Executive’s employment with the Company, the Executive will not, on the Executive’s
own behalf or on behalf of any person other than the Company (i) perform Responsibilities (defined below) for, or (ii) otherwise
engage in or accept Competitive Business (defined below).

 

7.2           Post-Employment.
During the Restrictive Period (defined below), the Executive will not, on the Executive’s own behalf or on behalf of any
person, directly or indirectly, anywhere in the Territory (defined below), (i) engage in Competitive Business, or (ii) accept Competitive
Business from any of the Company’s customers or actively sought prospective customers with which the Executive had Material
Contact (defined below) within the last twelve (12) months of the Executive’s employment with the Company; provided,
however, that if the Company terminates the Executive’s employment at any time during the Executive’s first
ninety (90) days of continuous employment pursuant to Section 8.1, the Restricted Period shall be limited to twelve (12) months.

 

7.3           Non-Solicitation
of Customers and Prospects. During the Executive’s employment with the Company and during the Restrictive Period, the
Executive will not, directly or indirectly, solicit or attempt to solicit any of the Company’s customers or actively sought
prospective customers for the purpose of providing, or referring such customers to any person (other than the Company) to provide
Competitive Business. The Executive acknowledges that, among other reasons, he will have Material Contact with customers or prospective
customers because of his direct dealings with and/or supervision of other employees with respect such customers and prospective
customers.

 

7.4           Non-Solicitation
of Employees and Contractors. During the Executive’s employment the Company and during the Restrictive Period, the Executive
will not (i) solicit or otherwise seek to persuade, directly or indirectly, any officer, employee, consultant, independent contractor,
or agent of the Company to discontinue his or her relationship with the Company for any reason, or (ii) hire, on the Executive’s
own behalf or on behalf of any other person, any individual who is then an officer, employee, consultant, independent contractor,
or agent of the Company or who was an officer, employee, consultant, independent contractor or agent of the Company during the
three (3) month period prior to the date of such hire. These restrictions apply regardless of whether such employee or contractor
is a full-time or temporary employee or contractor of the Company, whether such employee or contractor serves pursuant to a written
agreement, and whether such employee or contractor is providing services for a determined period or at-will.

 

7.5           Non-Disparagement.
During the Restrictive Period, neither the Executive nor the Company will make any statement, oral or written (including but not
limited to any written statement posted on or through any social media or other website), that is disparaging or derogatory or
directly or indirectly impugns the quality or integrity of the other.

 

7.6           Non-Competition
with Wireless Towers. During the Term and for a period of twenty-four (24) months following the end of the Executive’s
employment with the Company, regardless of whether the Term expired or the reason for the termination and regardless of whether
the Company or the Executive initiated the termination, the Executive will not, on the Executive’s own behalf or on behalf
of any person, directly or indirectly, within a two-mile radius of any Wireless Towers (defined below): (i) engage in Competitive
Business, or (ii) accept Competitive Business from any of the Company’s customers.

 

7.7             Definitions.

 

(a)             For
purposes of this Agreement, “Competitive Business” means the business of construction, maintenance, leasing
of wireless communications towers to wireless service providers or the operation of wireless communications towers.

 

    	4

    	 

    

 

(b)             For
purposes of this Agreement, “Material Contact” means the contact between the Executive and each
customer or potential customer (i) with whom or which the Executive dealt on behalf of the Company, (ii) whose dealings with the
Company were coordinated or supervised by the Executive, (iii) about whom the Executive obtained confidential information in the
ordinary course of business as a result of such Executive’s association with the Company, or (iv) who receives products or
services authorized by the Company, the sale or provision of which results or resulted in compensation, commissions, or earnings
for the Executive within two (2) years prior to the date of the Executive’s termination.

 

(c)             For
purposes of this Agreement, “Restrictive Period” means, unless provided otherwise herein, the
period beginning on the date of expiration or termination of the Executive’s employment with the Company and ending on the
later of (i) twelve (12) months following the end of the Executive’s employment with the Company, regardless of whether the
Term expired or the reason for the termination and regardless of whether the Company or the Executive initiated the termination
or (ii) twenty-four (24) months following the Effective Date.

 

(d)             For
purposes of this Agreement, “Responsibilities” means the duties and responsibilities performed
by the Executive for the Company within the last twelve (12) months of the Executive’s employment with the Company.

 

(e)             For
purposes of this Agreement, “Territory” means, unless provided otherwise herein, each
state where the Executive is performing Responsibilities on behalf of the Company at the time the Executive’s employment
with the Company ends and where the customers and actively sought prospective customers of the Company are located.

 

(f)             For
purposes of this Agreement, “Wireless Towers” means (A) any wireless communications tower owned or operated
by the Company; or (B) any site (i) identified by the Company with specificity for the development of wireless communication towers,
(ii) where the Company has commenced construction of wireless communication towers, or (iii) where the Company has an option to
acquire, has a lease or has purchased land to construct a wireless communication tower.

 

8.             Termination.

 

8.1          Termination
Without Cause. During the Term, either party may at any time, at its/his election and sole discretion, terminate the Executive’s
employment under this Agreement without Cause (i.e., for reasons other than those set forth in Section 8.2 below) (a “Termination
Without Cause”) upon thirty (30) days written notice; provided, however, that the Company may immediately
terminate the Executive’s employment at any time without advance notice during the Executive’s first ninety (90) of
continuous employment. Where applicable, the time period between the receipt of Termination Without Cause and the final date of
termination shall be referred to as the “Notice Period.” Should the Company elect to terminate the Executive’s
employment without cause but with notice, the Company may elect to pay the Executive in lieu of notice the equivalent of the Base
Salary then due the Executive during the Notice Period. Upon receipt of such payment in lieu of notice, the Executive shall be
immediately relieved of his duties and responsibilities as EVP of Legal and Compliance.

 

8.2          
Termination For Cause.

 

(a)          In
addition to any other remedies available to the Company at law, in equity or as set forth in this Agreement, the Company shall
have the right, at its election, upon written notice to Executive, to terminate Executive’s employment hereunder at any time
for “Cause” (a “Termination For Cause”).

 

    	5

    	 

    

 

(b)          For
purposes of this Agreement, “Cause” shall mean: (a) any act or omission that constitutes a breach by Executive
of any of his material obligations under this Agreement; (b) the continued failure or refusal of Executive (i) to substantially
perform the material duties required of him as an Executive of the Company and/or (ii) to comply with reasonable directions of
the CEO, (c) any material violation by Executive of any (i) policy, rule or regulation of the Company or (ii) any law or regulation
applicable to the business of the Company or any of its affiliates; (d) any act of fraud, misappropriation, embezzlement, or similar
act of dishonesty; (e) violations of the Company’s drug use policy (including the failure to take a drug screening test as
required by the Company in accordance with such policy) or the use of alcohol or drugs (legal or illegal) in a way which impairs
Executive’s ability to perform Executive’s duties hereunder (as determined by the CEO), (f) Executive’s gross
negligence in the performance of his duties hereunder, or any breach of any fiduciary duty to the Company (including the receipt
by Executive of any form of payment for services performed on behalf of, or in connection with, the business of the Company that
Executive fails to promptly deliver to the Company); (g) Executive’s conviction of, or plea of guilty or nolo contendere
to, any crime (whether or not involving the Company) which constitutes a felony or crime of moral turpitude or is punishable by
imprisonment of thirty (30) days or more, provided, however, that nothing in this Agreement shall obligate the Company
to pay Base Salary or benefits during any period that Executive is unable to perform his duties hereunder due to any incarceration,
and provided, further, that nothing shall prevent Executive’s termination under any other subsection of this
Section 8.2 if it provides independent grounds for termination; or (h) any other misconduct by Executive that is materially injurious
to the financial condition or business reputation of, or is otherwise materially injurious to, the Company or any of its affiliates.

 

(c)          Notwithstanding
the foregoing, no purported Termination For Cause pursuant to (a), (b), (c), (d), (e), (f) or (h) of the preceding paragraph of
this Section 8.2 shall be effective unless all of the following provisions shall have been complied with: (i) Executive shall be
given written notice by the Company of its intention to effect a Termination For Cause, such notice to state in detail the particular
circumstances that constitute the grounds on which the proposed Termination For Cause is based; and (ii) Executive shall have ten
(10) business days after receiving such notice in which to cure such grounds, to the extent such cure is possible, as determined
in the sole discretion of the Company, provided, however, that Executive shall not have such right to cure if (A) these
curable failures, violations or breaches become a pattern and (B) following written notice to Executive and consultation with
Executive to attempt to resolve the issues which the Company believes constitute such a pattern, the Company determines in good
faith that Executive is unwilling or unable to discontinue the activities constituting such a pattern.

 

8.3           Death;
Disability.

 

(a)          In
the event that Executive dies or becomes Disabled (as defined herein) during the Term, Executive’s employment shall terminate
either (i) when such death occurs, or (ii) upon written notice by the Company at any time after Disability occurs (provided that,
in the event of any Disability, the Company shall have the right, but not the obligation, to terminate this Agreement).

 

(b)          For
the purposes of this Agreement, Executive shall be deemed to be “Disabled” or have a “Disability”
if, because of Executive’s physical or mental disability, he has been substantially unable to perform his duties hereunder
with reasonable accommodation for twelve (12) work weeks in any twelve (12) month period. Executive shall be considered to have
been substantially unable to perform his duties hereunder only if he is either (a) unable to reasonably and effectively carry out
his duties with reasonable accommodations by the Company or (b) unable to reasonably and effectively carry out his duties because
any reasonable accommodation which may be required would cause the Company undue hardship. In the event of a disagreement concerning
Executive’s perceived Disability, Executive shall submit to such examinations as are deemed appropriate by three (3) practicing
physicians specializing in the area of Executive’s Disability, one selected by Executive, one selected by the Company, and
one selected by both such physicians. The majority decision of such three (3) physicians shall be final and binding on the parties.
Nothing in this paragraph is intended to limit the Company’s right to invoke the provisions of this paragraph with respect
to any perceived Disability of Executive.

 

(c)          Notwithstanding
the foregoing, to the extent and for the period required by any state or federal family and medical leave law, upon Executive’s
request (i) he shall be considered to be on unpaid leave of absence and not terminated, (ii) his group health benefits shall remain
in full force and effect, and (iii) if Executive recovers from any such Disability, at that time, to the extent required by any
state or federal family and medical leave law, upon Executive’s request, he shall be restored to his position hereunder or
to an equivalent position, as the Company may determine, and the Term of Executive’s employment hereunder shall be reinstated
effective upon such restoration. The Term shall not be extended by reason of such intervening leave of absence, nor shall any compensation
or benefits accrue in excess of those required by law during such intervening leave of absence. Upon the expiration of any such
rights, unless Executive has been restored to a position with the Company, he shall thereupon be considered terminated.

 

    	6

    	 

    

 

8.4             Effect
of Termination. Upon termination of this Agreement for any reason, the Executive shall be entitled to receive: (a) any accrued
but unpaid Base Salary and accrued but unused vacation which shall be paid in accordance with the Company’s customary payroll
procedures; (b) reimbursement for unreimbursed business expenses properly incurred by the Executive, which shall be subject to
and paid in accordance with the Company’s expense reimbursement policy; and (c) such employee benefits (including equity
compensation), if any, as to which the Executive may be entitled under the Company’s employee benefit plans as of the date
of termination. In addition, if the Company terminates the Executive’s employment without Cause pursuant to Section 8.1,
the Company shall pay to the Executive severance payments equivalent to the Executive’s Base Salary in accordance with the
Company’s regular payroll procedures for three (3) months following the date of termination (“Severance Pay”);
provided, however, that, as a condition of the Executive’s receipt of Severance Pay, he agrees to execute a
release of all claims in favor of the Company, its affiliates and their respective officers and directors in a form reasonably
requested and provided by the Company. The Executive acknowledges that the payments referred to in this Section 8.4, together with
any rights or benefits under any written plan or agreement which have vested on or prior to the date of termination of Executive’s
employment, constitute the only payments which Executive shall be entitled to receive from the Company hereunder in the event of
termination of his employment for any reason, and the Company shall have no further liability or obligation to him hereunder or
otherwise in respect of his employment.

 

8.5             Expiration
of Term. At the end of the Term, such term shall not be renewed and employment hereunder, if it continues at all, will be “at
will”; in other words, during any time following the expiration of the Term, (i) the Company may terminate Executive’s
employment at any time, with or without reason and with or without notice, and Executive may resign at any time, with or without
reason and with or without notice and (ii) the Company has no obligation to continue Executive’s employment on the terms
and conditions set forth in this Agreement. For the avoidance of doubt, during any “at will” employment period, Executive
shall not be entitled to any severance or separation payment or other post-termination payments if such “at will” employment
is terminated.

 

9.             Company
Property.

 

9.1           Computer
and Electronic Systems. Except as authorized by the Company in furtherance of performing services on its behalf, the Executive
will not (a) save, transfer or forward any of the Company’s electronically stored information to any storage device of any
kind that does not belong to the Company, including but not limited to any website, cloud storage, computer or laptop, flash or
thumb drive, CD or DVD, or email account, or (b) other than in the normal course of business, delete electronically stored information
from the Company’s computer or electronic systems.

 

9.2           Return
of Documents and Property. Upon the expiration or termination of the Executive’s employment with the Company, or at any
time upon the request of the Company, the Executive (or his heirs or personal representatives) shall deliver to the Company (a)
all documents and materials (including, without limitation, computer files) containing Trade Secrets and Confidential Information
relating to the business and affairs of the Company or its affiliates, and (b) all documents, materials, equipment and other property
(including, without limitation, computer files, computer programs, computer operating systems, computers, printers, scanners, pagers,
telephones, credit cards and ID cards) belonging to the Company or its affiliates, which in either case are in the possession or
under the control of the Executive (or his heirs or personal representatives).

 

10.           No
Conflicts. The Executive has represented and hereby represents to the Company and its affiliates that the execution, delivery
and performance by the Executive of this Agreement do not conflict with or result in a violation or breach of, or constitute (with
or without notice or lapse of time or both) a default under any contract, agreement or understanding, whether oral or written,
to which the Executive is a party or of which the Executive is or should be aware and that there are no restrictions, covenants,
agreements or limitations on his right or ability to enter into and perform the terms of this Agreement, and agrees to indemnify
and save the Company and its affiliates harmless from any liability, cost or expense, including attorney’s fees, based upon
or arising out of any such restrictions, covenants, agreements, or limitations that may be found to exist. For purposes of this
Agreement, “affiliate” shall include any person or entity directly or indirectly controlled by or controlling
the Company.

 

11.           Enforcement.
The Executive agrees that any breach of the provisions of this Agreement would cause substantial and irreparable harm, not readily
ascertainable or compensable in terms of money, to the Company for which remedies at law would be inadequate and that, in addition
to any other remedy to which the Company may be entitled at law or in equity, the Company shall be entitled to seek temporary,
preliminary and other injunctive relief in the event the Executive violates or threatens to violate the provisions of this Agreement.
Nothing herein contained shall be construed as prohibiting the Company from pursuing, in addition, any other remedies available
to the Company for such breach or threatened breach. A waiver by the Company of any breach of any provision hereof shall not operate
or be construed as a waiver of a breach of any other provision of this Agreement or of any subsequent breach by the Executive.

    	7

    	 

    

 

12.         Successors
and Assigns. This Agreement shall inure to the benefit of and shall be binding upon (i) the Company, its successors and assigns,
and any company with which the Company may merge or consolidate or to which the Company may sell substantially all of its assets;
and (ii) Executive and his executors, administrators, heirs and legal representatives. Since the Executive’s services are
personal and unique in nature, the Executive may not transfer, sell or otherwise assign his rights, obligations or benefits under
this Agreement.

 

13.         Notices.
Any notice required or permitted under this Agreement shall be deemed to have been effectively made or given if in writing and
personally delivered, or sent properly addressed in a sealed envelope postage prepaid by certified or registered mail, or delivered
by a reputable overnight delivery service. A copy of all notices shall be simultaneously sent via facsimile or e-mail to all recipients
of notice. Unless otherwise changed by notice, notice shall be properly addressed to the Executive if addressed to the address
of record then on file with the Company with a simultaneous copy to:

 

Foley & Lardner
LLP

Attention: Susan E.
Pravda, Esq.

111 Huntington Avenue,
Suite 2600

Boston, MA 02199

Facsimile: 617-342-4001

spravda@foley.com

 

Unless otherwise changed by notice, notice
shall be properly addressed to the Company if addressed to:

 

CIG Wireless Corp.

Attention: Paul McGinn, CEO

5 Concourse Parkway, Suite 3100

Atlanta, Georgia 30328

Facsimile: 678-332-5050

pmcginn@cigwireless.com

 

With a
simultaneous copy to:

 

Wuersch &
Gering LLP

Attention:
Travis L. Gering, Esq.

100 Wall
Street, 10th Floor

New York, New
York 10005

Facsimile:
610-819-9104

travis.gering@wg-law.com

 

14.         Severability.
It is expressly understood and agreed that although the Company and the Executive consider the restrictions contained in this Agreement
to be reasonable and necessary for the purpose of preserving the goodwill, proprietary rights and going concern value of the Company,
if a final determination is made by arbitration or any court having jurisdiction that any provision contained in this Agreement
is invalid, the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum
time and territory and to such other extent as such arbitral body or court may determine or indicate to be reasonable. Alternatively,
if the arbitral body or court finds that any provision or restriction contained in this Agreement or any remedy provided herein
is unenforceable, and such restriction or remedy cannot be amended so as to make it enforceable, such finding shall not affect
the enforceability of any of the other restrictions contained therein or the availability of any other remedy. The provisions of
this Agreement shall in no respect limit or otherwise affect the Executive’s obligations under any other agreements with
the Company.

 

15.         Construction.
This Agreement has been jointly negotiated and drafted by the parties and in the event of any ambiguity no provision herein shall
be construed against any party as the draftsperson. Each reference to “business day” shall mean any day on which the
New York Stock Exchange is open for business.

 

    	8

    	 

    

 

16.         Survival.
Notwithstanding anything to the contrary contained herein, if this Agreement is terminated pursuant to Section 8 or expires by
its terms, the provisions of Sections 4 through 7 and 9 through 20 of this Agreement shall survive and continue in full force and
effect, provided, however, any and all rights of the Executive with respect to the terms of compensation and enforcement thereof
shall survive and remain fully enforceable.

 

17.         Entire
Agreement. This Agreement, along with the exhibit(s) attached hereto, constitutes the entire agreement, and supersedes all
prior agreements, of the parties hereto relating to the subject matter hereof, and there are no written or oral terms or representations
made by either party other than those contained herein.

 

18.         Modification;
Waiver.  This Agreement cannot be modified, altered or amended except
by a writing signed by both parties. No waiver by either party of any provision or condition of this Agreement at any time shall
be deemed a waiver of such provision or condition at any prior or subsequent time or of any other provision or condition at the
same or any prior or subsequent time.

 

19.         Governing
Law; Arbitration. This Agreement shall be governed by and construed in accordance with the domestic Laws of the State of New
York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any
other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of New York. All disputes
and controversies arising out of or relating to this Agreement shall be finally settled and binding under the Commercial Arbitration
Rules of the American Arbitration Association (“AAA”) in New York, New York, except that matters requiring injunctive
relief may be brought directly only in the state courts in and for New York, New York or the federal courts in New York, New York.
The place of arbitration shall be New York, New York. Any award, verdict or settlement issued under such arbitration may be entered
by any party for order of enforcement by any court of competent jurisdiction. The arbitrator shall power to take interim measures
he or she deems necessary, including injunctive relief and measures for the protection or conservation of property and disposition
of perishable goods. Both parties consent to the application of New York substantive law. Both parties agree not to challenge the
validity of this Section 19 on grounds of being void as against public policy.

 

20.         Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but both of which together
shall constitute one and the same instrument. A manual signature on this Agreement or other documents to be delivered pursuant
to this Agreement, an image of which shall have been transmitted electronically, will constitute an original signature for all
purposes. The delivery of copies of this Agreement or other documents to be delivered pursuant to this Agreement, including executed
signature pages where required, by facsimile, “pdf” or other mode of electronic transmission will constitute effective
delivery of this Agreement or such other document for all purposes and each such exemplar delivered in such manner shall be an
original for all purposes.

 

21.         Condition
Precedent.  This Agreement shall be effective subject to the closing of
the Liberty Towers Acquisition on or before August 31, 2013. In the event that the Liberty Towers Acquisition is not consummated
on or before August 31, 2013, this Agreement shall be null, void, and of no further force or effect.

 

[Signature Page Follows]

 

    	9

    	 

    

 

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

 

	 	/s/ B. Eric Sivertsen	 
	 	EXECUTIVE:  B. Eric Sivertsen	 

 

	 	THE COMPANY: CIG Wireless Corp.

 

	 	By:	/s/ Paul McGinn	 
	 	 	Name:	Paul McGinn
	 	 	Title:	Chief Executive Officer
	 	 	 	 	 

 

    	10

    	 

    

 

Exhibit A

 

Stock Options AgreementAmendment
No. 1 to Agreement and Plan of Merger

 

This
Amendment No. 1 to Agreement and Plan of Merger (the “Amendment”)
is made as of May 23, 2013 by and among ALMAH, INC., a Nevada corporation (“Parent”), ARCH Acquisition
Corporation, a Massachusetts corporation (“Acquisition Corp.”) and ARCH THERAPEUTICS, INC., a Massachusetts
corporation (the “Company”).

 

Recitals

 

Whereas,
Parent, Acquisition Corp. and the Company are parties to that certain Agreement and Plan of Merger, dated May 10, 2013 (the “Merger
Agreement”), pursuant to which Acquisition Corp. will merge with and into the Company, and the Company will become a
direct, wholly-owned subsidiary of Parent;

 

Whereas,
Section 10.15 of the Merger Agreement provides, in relevant part, that the Merger Agreement may be amended solely by a writing
executed and delivered by each of the parties thereto; and

 

WHEREAS, in accordance
with Section 10.15 of the Merger Agreement, the parties hereto hereby desire to amend certain provisions of the Merger Agreement
as set forth in in this Amendment.

 

Now,
Therefore, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in consideration
of the foregoing recitals and the mutual promises and covenants set forth herein, the parties hereto agree as follows:

 

1.1Definitions;
Construction. Capitalized terms used and not otherwise defined in this Amendment shall have the meanings given to them in the
Merger Agreement. References in the Merger Agreement (including references to the Merger Agreement as amended and modified) to
the “Agreement” (and indirect references such as “hereunder”, “hereby”, “herein”
and “hereof”) shall be deemed to refer to the Merger Agreement as amended and modified by this Amendment.

 

1.2Amendment.
Section 7.01(h) of the Merger Agreement is hereby amended and restated to read in full as follows:

 

(h)The
number of dissenting Stockholders for which demands for an appraisal thereof have not been withdrawn or for which the holders thereof
have not failed to perfect or otherwise waive or lost appraisal rights under the applicable provisions of the MBCA shall not exceed
two and one-half percent (2.5%) of the issued and outstanding shares of Company Stock.

 

1.3Governing
Law. This Amendment shall be governed by and construed and enforced in accordance with the internal laws of the State of Nevada
without regard to principles of conflicts of laws.

 

    	 

    	 

    

 

 

1.4Counterparts.
This Amendment may be executed in one or more counterparts, with the same effect as if all parties had signed the same document.
Each such counterpart shall be an original, but all such counterparts together shall constitute a single amendatory instrument.
This Amendment shall become effective when each party to this Amendment will have received counterparts signed by all of the other
parties. This Amendment, to the extent a signed version hereof or signature hereto is delivered by means of a facsimile machine
or electronic mail (any such delivery, an “Electronic Delivery”), shall be treated in all manner and respects
as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original
signed version thereof delivered in person. At the request of any party hereto, each other party hereto shall re-execute original
forms hereof and deliver them in person to all other parties. No party hereto shall raise the use of Electronic Delivery to deliver
a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic
Delivery as a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent
such defense related to lack of authenticity.

 

1.5Miscellaneous.
Except as expressly set forth in this Amendment, all of the terms and provisions of the Merger Agreement shall remain unchanged,
unmodified and in full force and effect, and the Merger Agreement shall be read together and construed with this Amendment. This
Amendment, together with the Merger Agreement as amended by this Amendment, shall supersede and replace any prior agreement or
arrangement between the parties hereto relating to the subject matter hereof.

 

 

 

[Remainder of Page Intentionally Left
Blank]

 

 

    	2

    	 

    

 

In
Witness Whereof, the parties have executed this Amendment as of the date first above written.

 

	 	
        PARENT:

        ALMAH, INC.

	 	 
	 	By: 	/s/ Terrence W. Norchi
	 	 	Name: Terrence W. Norchi
	 	 	Title: President and CEO

 

	 	
        ACQUISITION CORP.:

        ARCH Acquisition Corporation

	 	 
	 	By: 	/s/ Terrence W. Norchi
	 	 	Name: Terrence W. Norchi
	 	 	Title: President and CEO

 

	 	
        THE COMPANY:

        ARCH THERAPEUTICS, INC.

	 	 
	 	By: 	/s/ Terrence W. Norchi
	 	 	Name: Terrence W. Norchi
	 	 	Title: President and CEO

 

 

 

[Signature
Page to Amendment No. 1 to Agreement and Plan of Merger]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}]]