Document:

THE
COMMON STOCK PURCHASE OPTION REPRESENTED BY THE AGREEMENT (THE “OPTION”) AND THE
SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF THE OPTION (THE “OPTION
SHARES”) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “ACT”), AND THEREFORE, MAY BE SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR
OTHERWISE DISPOSED OF ONLY IN ACCORDANCE WITH THE ACT, INCLUDING THE
REGISTRATION PROVISIONS THEREIN CONTAINED OR PROVIDED AN EXEMPTION FROM
REGISTRATION IS AVAILABLE UNDER THE ACT, AND SUBJECT TO THE OPINION OF COUNSEL
TO SANSWIRE CORP.

    

    SANSWIRE
CORP.

    OPTION
AGREEMENT

    

    This Option Agreement is made on this
27th day of December, 2010 (the “Effective Date”) by and between SANSWIRE CORP.,
a Delaware corporation (the “Optionor” or “Company”), and GLENN D. ESTRELLA (the
“Holder”).

    

    RECITALS

    

    Holder is the President, Chief
Executive Officer, Chief Financial Officer and a member of the Board of
Directors of the Company (the “Board”).  In conjunction with Holder’s
position, the Board of Directors of the Company has authorized granting to
Holder options to purchase the number of shares of common stock, par value $0.00001 per
share, of the Company
(the “Common Stock”) specified in paragraph (1) hereof, at the prices and for
the terms specified herein, pursuant to the terms and conditions stated herein
and in the 2004 Employee Stock Option Plan of Globetel Communications Corp. (the
“Stock Option Plan”).

    

    AGREEMENT

    

    1.           Option.  Optionor
hereby grants to Holder the option (the “Option”) to purchase from Optionor
7,222,222 shares of Common Stock of the Optionor (the “Shares”), upon the
conditions and terms set forth herein and in the Stock Option
Plan.  The parties
understand and agree that the Shares’ transferability is restricted in
accordance with state and federal laws.  The Shares pursuant to
this Option shall be immediately and fully vested on the date
hereof.

    

    2.           Exercise
Price.  The per share exercise price payable for the Shares
(the “Exercise Price”) shall be $0.09 per share.

    

    3.           Exercise
of Option.  This
Option may be exercised as to the Shares at any time by the Holder by tendering
a copy of this Option Agreement stating the name in which the Shares shall be
registered and amount of Shares to be exercised (the “Exercise Notice”),
together with the cash amount sufficient to exercise the Option, to the
Optionor, or by Cashless Exercise, if applicable, as defined
below.  The Option may be exercised in whole or in part at any time
during the option period, which begins on the effective date of this Option
Agreement and terminates on the earlier of (i) three (3) years from the
effective date of this Option Agreement or (ii) 90 days after the termination of
Holder’s employment with the Company (the “Option Period”).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.           Cashless
Exercise. In
the event the Market Price (as defined below) of the Company Common Stock is
above the Exercise Price, and in lieu of the payment method set forth in Section
3, above, the Holder may elect to exchange all or some of the Shares for the
Common Stock equal to the value of the amount of the Shares being exchanged on
the date of exchange (the “Cashless Exercise”).  If the Holder elects
to take advantage of such Cashless Exercise, the Holder shall tender to the
Company this Option Agreement for the amount being exchanged, along with written
notice of the Holder’s election to exchange some or all of the Shares, and the
Company shall issue to the Holder the number of shares of Common Stock computed
using the following formula:

    

    X  =
Y
(A-B)

    A

    

    Where:  X
=    The number of shares of Common Stock to be issued to
the Holder.

    

    Y
=     The number of shares of Common Stock purchasable
under the amount of this Option Agreement being exchanged (as adjusted to the
date of such calculation).

    

    A
=     The Market Price (as defined below) of one share
of Common Stock.

    

    B
=      The Exercise Price (as adjusted to the date
of such calculation).

    

    The
Cashless Exercise shall take place on the date specified in the notice or if the
date the notice is received by the Company is later than the date specified in
the notice, on the date the notice is received by the Company.

    

    The
Market Price of a share of Common Stock as of a particular date (the
"Determination Date") shall mean:

     

    (a)           If
the Company's Common Stock is traded on an exchange or is quoted on the NASDAQ
Global Select Market, the NASDAQ Global Market or the NASDAQ Capital Market,
then the closing or last sale price, respectively, reported for the last
business day immediately preceding the Determination Date;

     

    (b)           If
the Company's Common Stock is not traded on an exchange or on the NASDAQ Global
Select Market, the NASDAQ Global Market or the NASDAQ Capital Market, but is
traded in the over-the-counter market, then the average of the closing bid and
ask prices reported for the last business day immediately preceding the
Determination Date; and

     

    (c)           If
the Company's Common Stock is not publicly traded, then as determined in good
faith by the Board of Directors of the Company.

    
      
         

      

      
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    As soon
as practicable after full or partial exercise of the Shares, the Company at its
expense (including, without limitation, the payment by it of all taxes and
governmental charges applicable to such exercise and issuance of the Shares)
shall cause to be issued in the name of and delivered to the Holder or such
other persons as directed by the Holder, a certificate or certificates for the
total number of Shares being exercised in such denominations as instructed by
the Holder, together with any other securities and property to which the Holder
is entitled upon exercise under the terms of this Option Agreement. The Option
shall be deemed to have been exercised, and the Shares acquired thereby shall be
deemed issued, and the Holder or any person(s) designated by the Holder shall be
deemed to have become holders of record of such Shares for all purposes, as of
the close of business on the date that the Option, the duly executed and
completed Exercise Notice, and full payment of the aggregate Exercise Price has
been presented and surrendered to the Company, notwithstanding that the stock
transfer books of the Company may then be closed. In the event this Option is
only partially exercised, a new Option Agreement evidencing the right to acquire
the number of Shares with respect to which this Option Agreement shall not then
have been exercised, shall be executed, issued and delivered by the Company to
the Holder simultaneously with the delivery of the certificates representing the
Shares so purchased.

    

    5.           Shares Not
Registered

    

    The
certificates representing the Shares issued upon exercise of the options shall
bear the following legend:

    

    “THE
SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR THE LAWS OF ANY
OTHER JURISDICTION AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR
OTHERWISE DISPOSED OF IN ANY MANNER (1) WITHOUT REGISTRATION UNDER THE ACT AND
IN COMPLIANCE WITH THE LAWS OF ANY APPLICABLE JURISDICTION OR (2) AN OPINION OF
COUNSEL (IN FORM AND SUBSTANCE ACCEPTABLE TO THE COMPANY) THAT REGISTRATION IS
NOT REQUIRED.”

     

    6.           Representation, Warranties
and Covenants of the Holder.  The Holder represents, warrants
to and covenants with Optionor as follows:

    
      
         

      

      
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    a)           The
Holder warrants he has evaluated the merits and risks associated with the
investment in the Company as represented by this option, including review of the
Annual and Quarterly Reports and other reports of the Company that have been
filed from time to time with the Securities and Exchange Commission (“SEC”), and
all other documentation that he deems necessary under the Securities and
Exchange Act of 1934, as amended, and the applicable state securities
laws.

    

    b)           The
Holder further represents that he understands that neither this Option nor the
Shares underlying the option are registered under the Act.

    

    c)           The
Holder is sufficiently experienced in financial matters and matters pertaining
to securities to be capable of evaluating the merits and risks associated with
the acceptance of this Option, and has relied upon such experience in so
determining to accept this option in partial consideration for the services
performed by Holder to the Company. The parties agree that this Option is not
the exclusive consideration granted or to be granted to Holder for services
heretofore provided or to be provided by Holder to the Company.

     

    7.           Representation, Warranties
and Covenants of the Optionor.  The Optionor represents,
warrants to and covenants with Holder as follows:

    

    a)           This
Agreement has been duly executed and delivered by such Optionor and constitutes
the valid and binding obligation of such Optionor and such Optionor has the
requisite power and capacity to execute, deliver and perform this Agreement and
to comply with the terms hereof.

    

    b)           The
grant of the Option by such Optionor does not, and the sale of the Option Shares
to Holder by such Optionor, upon payment of the Exercise Price thereof, will
not, conflict with or constitute an event of default under or breach of any
agreement, document or instrument to which such Optionor is a
party.

    

    c)           The
Option Shares underlying the Option granted by such Optionor hereunder are
currently owned by such Optionor and, upon exercise of the Options by Holder and
payment of the Exercise Price therefore, Holder will acquire such Option Shares
free and clear of all security interests, claims, liens, security or other
interests, encumbrances and charges of any kind whatsoever, other than pursuant
to the federal and state securities laws.

    

    d)           Until
the earlier of (i) the exercise of the Option granted by such Optionor or (ii)
the expiration of the Option Period, such Optionor will not sell, transfer,
assign, pledge, alienate or hypothecate any of the Option Shares, or permit such
Option Shares to become subject to any mortgage pledge, lien, security or other
interest, encumbrance or charge of any kind, other than pursuant to the federal
and state securities laws.

    
      
         

      

      
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    8.           Notices.  All
notices, requests, demands and other communications which are given pursuant to
this Agreement shall be in writing and shall be deemed to have been duly given
when delivered by hand, when sent by facsimile (with receipt confirmed), or when
mailed by registered or certified mail (postage prepaid, return receipt
requested), as follows (or to such other address or telex number as either party
hereto may designate to the other party hereto by like notice):

    

    If to the Holder, to:

    Glenn D. Estrella

    1608 Sheridan Drive

    Wall Township, NJ 07753

    

    If to the Optionor, to:

    SANSWIRE CORP.

    State Road 405, Building M6-306A, Room
1400

    Kennedy Space Center, FL
32815

    

    Mail Address:

    Mail
Code: SWC

    Kennedy
Space Center, FL 32899

    

    Attention:
General Counsel

    

    9.           Successors.  All
the covenants and provisions of this Agreement by or for the benefit of the
Optionor and Holder inure to the benefit of their respective successors and
assigns hereunder.

    

    10.           Entire
Agreement.  This Agreement constitutes the complete agreement
between the parties and terminates and supersedes all prior and contemporaneous
oral and written agreements. This Agreement may not be altered, amended or
modified except by a writing duly executed by the parties hereto.

    

    11.           Severability.  In
the event that any term or condition in this Agreement shall for any reason be
held by a court of competent jurisdiction to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other term or condition of this Agreement, but this
Agreement shall be construed as if such invalid or illegal or unenforceable term
or condition had never been contained herein.

    

    12.           Non-Waiver. No
waiver, forbearance or failure by any party of its right to enforce any
provision of this Agreement shall constitute a waiver or estoppel of such
party’s right to enforce such provision in the future or such party’s right to
enforce any other provision of this Agreement.

    
      
         

      

      
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    13.           Binding Effect; No Third
Party Beneficiaries.  Each term and provision of this Agreement
shall be binding upon and enforceable against and inure to the benefit of the
parties hereto and their respective successors or assigns, nothing in this
Agreement, express or implied, being intended to confer upon any other person
any rights or remedies hereunder.

    

    14.           Counterparts.  This
Agreement may be executed in any number of counterparts and each of such
counterparts shall for all purposes be deemed to be an original, and such
counterparts shall together constitute but one and the same
instrument.

     

    
      
         

      

      
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    IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be duly executed as of the day and year first
above written.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    HOLDER:

                                  	 
      
	 
      	 
      
	 
      	
                                    By:

                                  	 
      	 
      
	 
      	
                                    Name:

                                  	
                                    Glenn
      D. Estrella

                                  
	 
      	 
      	 
      
	 
      	
                                    Date:

                                  	
                                    December
      27, 2010

                                  
	 
      	 
      
	
                                    OPTIONOR:

                                  	 
      
	 
      
	
                                    SANSWIRE
      CORP.,

                                  
	
                                    A
      DELAWARE CORPORATION

                                  
	 
      	 
      
	 
      	
                                    By:

                                  	 
      	 
      
	 
      	
                                    Name:

                                  	
                                     Michael K.
      Clark

                                  
	 
      	
                                    Title:

                                  	
                                    Chairman
      of the Board

                                  
	 
      	 
      
	 
      	
                                    Date:

                                  	
                                    December
      27,
2010

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
         

      

      
        7AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

     

    This
Amended and Restated Agreement (the “Agreement”), dated as of December 27, 2010
(the “Agreement Date”), is by and between SANSWIRE CORP. (the “Company”)
and GLENN D.
ESTRELLA (the “Executive”).

     

    Introduction

     

    WHEREAS,
the Company and the Executive entered into a Confidential Employment Agreement
(the “Prior Agreement”) dated June 23, 2010 (the “Effective Date”);

     

    WHEREAS,
the Company and the Executive want to hereby amend and restate in full the Prior
Agreement and the Company desires to retain the services of the Executive
pursuant to the terms and conditions set forth herein and the Executive wishes
to be employed by the Company on such terms and conditions.

     

    NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:

     

    1.           Employment.  Pursuant
to the terms and conditions herein, the Company shall employ the Executive from
the Effective Date and during the Term (as defined below) hereof.  The
term of this Agreement shall extend from the Effective Date until June 22, 2013
(the “Initial Term”), provided, however, that the Agreement shall be extended
for successive one year terms thereafter unless a party notifies the other in
writing within thirty (30) days prior to the end of either the Initial Term or
any successive one year renewal term that the Agreement is not being renewed or
unless terminated earlier pursuant to the terms hereof (the Initial Term and
each successive one year renewal term being collectively known as the
“Term”).

     

    2.           Duties.  The
Executive will initially serve as the President, Chief Executive Officer and
Chief Financial Officer of the Company and shall have such duties of an
executive nature as the Board of Directors of the Company (the “Board”) shall
determine from time to time.  The Executive will report to the Board
of Directors.  The Executive will be based in the Company’s offices in
Kennedy Space Center, Florida.

     

    3.           Full Time; Best
Efforts.  The Executive shall use the Executive’s best efforts
to promote the interests of the Company and its affiliated companies and shall
devote the Executive’s full business time and efforts to their business and
affairs.  Notwithstanding the foregoing, Executive may serve on other
boards of directors, with the approval of the Board, or engage in religious,
charitable or other community activities as long as such services and activities
do not materially interfere with the Executive’s performance of the Executive’s
duties to the Company as provided in this Agreement.

     

    4.           Compensation and
Benefits.  During the Term of Executive’s employment with the
Company under this Agreement, the Executive shall be entitled to compensation
and benefits as follows:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (a)          Base Salary.  The
Executive will receive a salary at the rate of $250,000 annually (the “Base
Salary”), payable in accordance with the Company’s normal payroll practices and
subject to applicable taxes and withholding. The Executive’s Base Salary may
from time to time be increased, but not decreased, by the Board.  The
Executive may at any time elect to take a portion of the amounts owed as Base
Salary as common stock, par value $0.00001 per share, of the Company (the
“Common Stock”).  If during the Initial Term, Sanswire is acquired as
a result of a transfer (by merger or by sale of assets or stock or other
combination) of all or  substantially all of the Company’s total
assets or all or a majority of the Company’s stock to an unrelated third party
(a “Business Combination”), the Base Salary payable during the Initial Term will
be accelerated so that upon the closing of such Business Combination, Executive
shall be paid one hundred percent (100%) of the unpaid portion of such Base
Salary in a lump sum cash payment.

     

    (b)          Bonus.  The
Executive will be eligible for an annual bonus for each fiscal year at the
discretion of the Board (the “Bonus”).  The Bonus for a particular
fiscal year will be payable within 75 days of the end of such fiscal
year.  The payment of any Bonus shall be prorated for any partial
fiscal year during the Term of this Agreement.  The Board shall
determine in good faith the amount of the Bonus, and such determination shall be
binding and conclusive on the Executive.

     

    (c)          Signing
Bonus.   On or promptly following the Effective Date, the
Company will pay the Executive $20,000 cash as a signing bonus.

     

    (d)          Stock Options.   It
is anticipated that, based on performance and at the discretion of the Board,
option grants to purchase shares of Common Stock may be made approximately
annually.

     

    (e)          Benefits.  In
addition to the Base Salary and any Bonus, the Executive shall be entitled to
receive fringe benefits that are generally available to the Company’s executive
employees in accordance with the then existing terms and conditions of the
Company’s policies, including medical insurance at the Company’s expense for
Executive and his family.

     

    (f)           Vacation.  The
Executive shall be entitled to twenty (20) business days of paid vacation per
fiscal year in accordance with the Company’s vacation policies.

     

    (g)          Business
Expenses.  The Company shall reimburse the Executive for all
reasonable expenses incurred by the Executive in the ordinary course of business
on behalf of the Company, subject to the presentation of appropriate
documentation.

     

    (h)          Cell Phone.  The
Company shall reimburse the Executive for all reasonable expenses for the use of
a cell phone in connection with the Executive’s employment with the
Company.

     

    (i)           Withholding.  The
Company will withhold from compensation payable to the Executive all applicable
federal, state and local withholding taxes.

     

    
      
         

      

      
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    (j)           Directors and Officers
Insurance; Indemnity.  The
Company does not currently have Directors and Officers Liability Insurance, but
the Company hereby agrees to purchase such insurance to cover all officers and
directors as soon as practicable.  To the fullest extent permitted by
law, the Company will indemnify the Executive against, and will hold the
Executive harmless from, and pay any expenses (including without limitation, all
legal fees and court costs), judgments, fines, penalties, settlements, damages
and other amounts arising out of or in connection with any act or omission of
the Executive performed or made in good faith on behalf of the Company,
regardless of negligence.  The foregoing provisions will survive the
Term of this Agreement and the termination of Executive’s employment with the
Company for any reason whatsoever and regardless of fault.

     

    (k)           Housing and Car
Allowances.  The Company shall pay Executive (i) up to $2,800
per month as a housing allowance and (ii) up to $500 per month as a car
allowance, such actual amounts to be submitted to the Company by the Executive
upon his securing housing and a car in Florida.

     

    5.          Confidentiality; Intellectual
Property.  The Executive agrees that during the Executive’s
employment with the Company, whether or not under this Agreement, and
thereafter:

     

    (a)           The
Executive will not at any time, directly or indirectly, disclose or divulge any
Confidential Information (as hereinafter defined), except as required in
connection with the performance of the Executive’s duties for the Company, and
except to the extent required by law (but only after the Executive has provided
the Company with reasonable notice and opportunity to take action against any
legally required disclosure).  As used herein, “Confidential
Information” means all trade secrets and all other information of a business,
financial, marketing, technical or other nature relating to the business of the
Company including, without limitation, any customer or vendor lists, prospective
customer names, financial statements and projections, know-how, pricing
policies, operational methods, methods of doing business, technical processes,
formulae, designs and design projects, inventions, computer hardware, software
programs, business plans and projects pertaining to the Company and including
any information of others that the Company has agreed to keep confidential;
provided, that
Confidential Information shall not include any information that has entered or
enters the public domain through no fault of the Executive or any information
known to the Executive before the Effective Date.  For greater
certainty, Confidential Information shall not include any know-how concerning
the unmanned aerial vehicle business in general (as opposed to the Company)
acquired by the Executive prior to performing services for the
Company.

     

    (b)           The
Executive shall make no use whatsoever, directly or indirectly, of any
Confidential Information at any time, except as required in connection with the
performance of the Executive’s duties for the Company.

     

    (c)           Upon
the Company’s request at any time and for any reason, the Executive shall
immediately deliver to the Company, or destroy if directed by the
Company,  all materials (including all soft and hard copies) in the
Executive’s possession which contain or relate to Confidential
Information.

     

    
      
         

      

      
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    (d)           All
inventions, modifications, discoveries, designs, developments, improvements,
processes, software programs, works of authorship, documentation, formulae,
data, techniques, know-how, secrets or intellectual property rights or any
interest therein (collectively, the “Developments”) made by the Executive,
either alone or in conjunction with others, at any time or at any place during
the Executive’s employment with the Company, whether or not reduced to writing
or practice during such period of employment, which relate to the business in
which the Company is engaged shall be and hereby are the exclusive property of
the Company without any further compensation to the Executive.  In
addition, without limiting the generality of the prior sentence, all
Developments which are copyrightable work by the Executive are intended to be
“work made for hire” as defined in Section 101 of the Copyright Act of 1976, as
amended, and shall be and hereby are the property of the Company.

     

    (e)           The
Executive shall promptly disclose all Developments to the Company.  If
any Development is not the property of the Company by operation of law, this
Agreement or otherwise, the Executive will, and hereby does, assign to the
Company all right, title and interest in such Development, without further
consideration, and will assist the Company and its nominees in every way, at the
Company’s expense, to secure, maintain and defend the Company’s rights in such
Development.  The Executive shall sign all instruments necessary for
the filing and prosecution of any applications for, or extension or renewals of,
letters patent (or other intellectual property registrations or filings) of the
USA or any foreign country which the Company desires to file and relates to any
Development.  The Executive hereby irrevocably designates and appoints
the Company and its duly authorized officers and agents as such Executive’s
agent and attorney-in-fact (which designation and appointment shall be deemed
coupled with an interest and shall survive the Executive’s death or incapacity),
to act for and in the Executive’s behalf to execute and file any such
applications, extensions or renewals and to do all other lawfully permitted acts
to further the prosecution and issuance of such letters patent, other
intellectual property registrations or filings, or such other similar documents
with the same legal force and effect as if executed by the
Executive.

     

    (f)           Attached
hereto as Exhibit
A is a list of all inventions, modifications, discoveries, designs,
developments, improvements, processes, software programs, works of authorship,
documentation, formulae, data, techniques, know-how, secrets or intellectual
property rights or any interest therein made by the Executive prior to the
Executive performing services for the Company (collectively, the “Prior
Inventions”) which (i) the Executive owns or has interest therein, (ii) relate
to the business of the Company and (iii) are not assigned to the Company
hereunder; or, if no such list is attached, Executive represents that there are
no such Prior Inventions.  If in the course of the Executive
performing services for the Company, the Executive incorporates into a Company
product, process or machine a Prior Invention owned by the Executive or in which
the Executive has an interest, the Company is hereby granted and shall have a
non-exclusive, royalty-free, irrevocable, perpetual, transferable, worldwide
license to make, have made, modify, use, sell and otherwise exploit such Prior
Invention as part of or in connection with such product, process or machine and
any and all enhancements and extensions thereof.

     

    6.          Noncompetition;
Nonsolicitation.  The Executive agrees that:

     

    
      
         

      

      
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    (a)           during
the Executive’s employment with the Company, whether or not under this
Agreement, and thereafter during the Noncompetition Period (as hereinafter
defined), the Executive will not, directly or indirectly, individually or as a
consultant to, or an employee, officer, director, manager, stockholder (except
as the owner of less than 1% of the stock of a publicly traded company),
partner, member or other owner or participant in any business entity other than
the Company, engage in or assist any other person or entity to engage in any
business which competes with any business in which the Company is then engaging
anywhere in the USA or the world where the Company does business.

     

    (b)           during
the Executive’s employment with the Company, whether or not under this
Agreement, and thereafter during the Noncompetition Period, the Executive will
not, directly or indirectly, individually or as a consultant to, or an employee,
officer, director, manager, stockholder (except as the owner of less than 1% of
the stock of a publicly traded company), partner, member or other owner or
participant in any business entity, offer employment or any consulting
arrangement to, hire, or otherwise interfere with the business relationship of
the Company with, any person or entity who is, or was within the six month
period immediately prior thereto, employed by, associated with or a consultant
to the Company.

     

    (c)           during
the Executive’s employment with the Company, whether or not under this
Agreement, and thereafter during the Noncompetition Period, the Executive will
not, directly or indirectly, individually or as a consultant to, or an employee,
officer, director, manager, stockholder (except as the owner of less than 1% of
the stock of a publicly traded company), partner, member or other owner or
participant in any business entity, solicit away from the Company or endeavor to
entice away from the Company, or otherwise interfere with the business
relationship of the Company with, any person or entity who is, or was within the
six month period immediately prior thereto, a customer, dealer, distributor or
client of, supplier, vendor or service provider to the Company.

     

    (d)           As
used herein, “Noncompetition Period” means 12 months from the date of the
termination of Executive’s employment with the Company, provided, however,
that such period shall only be 6 months if the Company terminates the
Executive’s employment without Cause or the Executive terminates his employment
for Good Reason.

     

    7.           Remedies; Applicability to Affiliated
Companies.  Without limiting the remedies available to the
Company, the Executive acknowledges that a breach of this Agreement, including
any of the covenants contained in Sections 5 or 6 herein, could result in
irreparable injury to the Company for which there might be no adequate remedy at
law, and that, in the event of such a breach or threat thereof, the Company
shall be entitled to obtain a temporary restraining order and/or a preliminary
injunction and a permanent injunction restraining the Executive from engaging in
any activities prohibited herein or such other equitable relief as may be
required to enforce specifically any of the provisions herein.  The
foregoing provisions and the provisions of Sections 5 and 6 herein shall survive
the term of this Agreement and the termination of the Executive’s employment
with the Company, and shall continue thereafter in full force and effect in
accordance with their terms.  For purposes of Sections 5, 6 and 7 of
this Agreement, the term “Company” shall include the Company, each of its
affiliated companies, subsidiaries and parent company, as applicable, and their
respective successors and assigns.

     

    
      
         

      

      
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    8.           Termination.

     

    (a)           General.  The
Executive’s employment with the Company may be terminated at any time by the
Company during the Term hereof with Cause or without Cause (which in the case of
a termination without Cause shall be effective after at least thirty (30) days
prior written notice thereof from the Company to the Executive), or in the event
of the death or Disability of the Executive.  The Executive’s
employment with the Company may also be terminated by the Executive in
accordance with the Good Reason Process (hereinafter defined) or after at least
thirty (30) days prior written notice thereof from the Executive to the
Company.  Upon receipt of such notice, the Company may elect, in its
discretion, to terminate the employment of Executive at any time following such
notice; provided however that in the event the Company elects to terminate the
Executive following notice, Executive’s Base Salary and benefits including any
vesting of equity shall continue to be paid and accrued during the notice
period.

     

    (b)           Definitions.  As
used herein, the following terms shall have the following meanings:

    

    “Cause”
means that the Executive has (i) willfully breached in any material respect any
fiduciary duty or legal or contractual obligation to the Company or any of its
affiliated companies, which breach in the case of a contractual obligation to
the Company, if curable, is not cured within thirty (30) days after written
notice to the Executive thereof, (ii) willfully failed to perform satisfactorily
the Executive’s material job duties, which failure, if curable, is not cured
within thirty (30) days after written notice to the Executive thereof, (iii)
engaged in gross negligence, willful misconduct, fraud, embezzlement, or acts of
dishonesty that has resulted in material injury to the Company or any of its
affiliated companies, or (iv) been convicted of or pleaded nolo contendere to
(A) any misdemeanor relating to the affairs of the Company or any of its
affiliated companies or (B) any felony.

    

    “Disability”
means illness (mental or physical), which results in the Executive being unable
to perform the Executive’s duties as an employee of the Company for a period of
three (3) consecutive months, or an aggregate of six (6) months in any twelve
(12) month period, as determined in the reasonable judgment of an independent
physician mutually agreed upon by the Executive, or her personal representative
(as the case may be), and the Company.  Nothing in this Section 8(b)
shall be construed to waive the Executive’s rights, if any, under existing law
including, without limitation, the Family and Medical Leave Act of 1993, 29
U.S.C. s.2601 et seq.
and the Americans with Disabilities Act, 42 U.S.C. s.12101 et seq.

    

    “Good
Reason” means that the Executive has complied with the “Good Reason Process”
(hereinafter defined) following the occurrence of any of the following
events:  (i) a material diminution in the Executive’s
responsibilities, authority or duties, (ii) any diminution in the
Executive’s Base Salary, (iii) a material change in the geographic location
at which the Executive is required to provide services to the Company (aside
from work-related travel), or (iv) the material breach of this Agreement by the
Company (each a “Good Reason Condition”).  Good Reason Process shall
mean that (i)  the Executive notifies the Company in writing of her belief
in the occurrence of the Good Reason Condition within 60 days of the first
occurrence of such condition, (ii)  the Company fails to fully cure the
Good Reason Condition within 30 days following such notice (the “Cure
Period”), and (iii) the Executive terminates employment within 60 days
after the end of the Cure Period.

    
      
         

      

      
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    (c)          Effects of
Termination.  If the Executive’s employment is terminated
during the Term of this Agreement, the Company shall have no further obligation
to make any payments or provide any benefits to the Executive hereunder after
the date of termination except for (i) payments of Base Salary, Bonus and
expense reimbursement that had accrued, but had not yet been paid, and any
vested benefits the Executive may have under any employee benefit plans, through
the date of termination, (ii) payments for any accrued but unused vacation time
in accordance with Company policy and (iii) if the Executive’s employment with
the Company is terminated by the Company without Cause (other than as a result
of the death or Disability of the Executive, or as contemplated by Section 8(d)
below), or by the Executive for Good Reason (A) continuation for a period of six
(6) months (the “Severance Period”) of payments of Base Salary at the rate in
effect at the date of termination, (B) a prorated portion of his annual Bonus
for the year in which the termination occurs for performance through the date of
the termination as determined in good faith by the Board, and (C) all health and
dental benefits, including the cost of COBRA continuation coverage for Executive
and his eligible dependents during the Severance Period, payable beginning on
the first payroll day following the termination date; provided, however, that if
Executive’s employment is terminated by the Company without Cause (other than as
a result of the death or Disability of the Executive, or as contemplated by
Section 8(d) below), or by the Executive for Good Reason during the Initial Term
of this Agreement, in lieu of the payments to be made pursuant to Section
8(c)(iii) above, the Company shall pay the Executive one hundred percent (100%)
of the unpaid portion of the Base Salary that would have been paid during the
Initial Term in a lump sum cash payment within 90 days following the date of
such termination.

    

    (d)          Conditions and Limitations to
Severance.   Notwithstanding the foregoing, the Company’s
obligations to make payments to the Executive under Section 8(c)(iii) (including
the proviso) of this Agreement shall be subject to the following provisions and
conditions:

     

    (i)           General Release of
Claims.  The Company’s obligation to make payments under
Section 8(c)(iii) (including the proviso) of this Agreement shall be contingent
upon the Executive executing a general release of claims in a customary and
reasonable form.

    

    (ii)           Consequences of
Breach.  If the Executive breaches the Executive’s obligations
under Sections 5 or 6 of this Agreement, the Company may immediately cease all
payments payable to the Executive under Section 8(c)(iii) (including the
proviso) of this Agreement.  The cessation of these payments shall be
in addition to, and not as an alternative to, any other remedies at law or in
equity available to the Company, including without limitation the right to seek
specific performance or an injunction.

     

    (e)          Survival.  The
provisions of Sections 5 through 20 of this Agreement shall survive the Term of
this Agreement and the termination of the Executive’s employment with the
Company, and shall continue thereafter in full force and effect in accordance
with their terms.

     

    
      
         

      

      
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    9.           Enforceability.  This
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision hereof shall be prohibited or invalid
under any such law, such provision shall be ineffective to the extent of such
prohibition or invalidity, without invalidating or nullifying the remainder of
such provision or any other provisions of this Agreement.  If any one
or more of the provisions contained in this Agreement shall for any reason be
held to be excessively broad as to duration, geographical scope, activity or
subject, such provisions shall be construed by limiting and reducing it so as to
be enforceable to the maximum extent permitted by applicable law.

     

    10.        Notices.  Any
notice, demand or other communication given pursuant to this Agreement shall be
in writing and shall be personally delivered, sent by nationally recognized
overnight courier or express mail, or mailed by first class certified or
registered mail, postage prepaid, return receipt requested, or otherwise
actually delivered as follows: (a) if to the Executive: Glenn D. Estrella, 1608
Sheridan Drive, Wall Township, NJ 07753, (b) if
to the Company: Sanswire Corp., State Road 405, Building M6-306A, Room 1400,
Kennedy Space Center, FL 32815 or mailing address: Mail Code: SWC, Kennedy Space
Center, FL 32899, or (c) at such other address as may have been furnished by
such person in writing to the other parties.

     

    11.        Governing Law.  This
Agreement shall be governed by and construed in accordance with the internal
laws of the State of Florida, without regard to its conflict of law
provisions.  The Company and Executive hereby submit to the
jurisdiction of the courts of the State of Florida and of the United States
located in Brevard County of Florida and each agrees not to raise and waive any
objection to or defense based on the venue of any such court or forum non
conveniens.

     

    12.        Section 409A. This
Agreement is intended to comply with the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”) and the regulations
thereunder.  To the extent that any provision in this Agreement is
ambiguous as to its compliance with Section 409A of the Code, the provision
shall be interpreted in a manner so that no payment due to Executive shall be
subject to an “additional tax” within the meaning of Section 409A(a)(1)(B) of
the Code.  To the extent that any provision in the Agreement is
ambiguous as to its compliance with Section 409A of the Code, or to the extent
any provision in the Agreement must be modified to comply with Section 409A of
the Code, such provision shall be read, or shall be modified (with the mutual
consent of the parties), as the case may be, in such a manner so that no payment
due to Executive shall be subject to an “additional tax” within the meaning of
Section 409A(a)(1)(B) of the Code.

     

    For
purposes of Section 409A of the Code, each payment made under this Agreement
shall be treated as a separate payment.  In no event may Executive,
directly or indirectly, designate the calendar year of any
payment.  All reimbursements provided under this Agreement shall be
made or provided in accordance with the requirements of Section 409A of the
Code, including, where applicable, the requirement that (i) any reimbursement be
for expenses incurred during Executive’s lifetime (or during a shorter period of
time specified in this Agreement), (ii) the amount of expenses eligible for
reimbursement during a calendar year may not affect the expenses eligible for
reimbursement in any other calendar year, (iii) the reimbursement of an eligible
expense will be made on or before the last day of the calendar year following
the year in which the expense is incurred, and (iv) the right to reimbursement
is not subject to liquidation or exchange for another benefit.

     

    
      
         

      

      
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    Notwithstanding
anything to the contrary herein, if a payment or benefit under this Agreement is
due to a “separation from service” for purposes of the rules under Treas. Reg. §
1.409A-3(i)(2) (payments to specified employees upon a separation from service)
and Executive is determined to be a “specified employee” (as determined under
Treas. Reg. § 1.409A-1(i)), such payment or benefit shall, to the extent
necessary to comply with the requirements of Section 409A of the Code, be made
or provided on the later of the date specified by the foregoing provisions of
this Agreement or the date that is six months after the date of Executive’s
separation from service (or, if earlier, the date of Executive’s
death).  Any installment payments that are delayed pursuant to this
Section 12 shall be accumulated and paid in a lump sum on the first day of the
seventh month following Executive’s separation from service, and the remaining
installment payments shall begin on such date in accordance with the schedule
provided in this Agreement.

     

    13.           Amendments and
Waivers.  This Agreement may be amended or modified only by a
written instrument signed by the Company and the Executive.  No waiver
of this Agreement or any provision hereof shall be binding upon the party
against whom enforcement of such waiver is sought unless it is made in writing
and signed by or on behalf of such party.  The waiver of a breach of
any provision of this Agreement shall not be construed as a waiver or a
continuing waiver of the same or any subsequent breach of any provision of this
Agreement.  No delay or omission in exercising any right under this
Agreement shall operate as a waiver of that or any other right.

     

    14.           Binding
Effect.  This Agreement shall be binding on and inure to the
benefit of the parties hereto and their respective heirs, executors and
administrators, successors and permitted assigns, except that the rights and
obligations of the Executive hereunder are personal and may not be assigned
without the Company’s prior written consent.  Without limiting the
generality of the prior sentence, it is understood that the Company’s successors
and assigns shall have the right to enforce Sections 5, 6 and 7 of this
Agreement.  The Company shall require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business or assets of the Company expressly to assume
and agree to perform this Agreement to the same extent that the Company would be
required to perform it if no succession had taken place.  Failure of
the Company to obtain an assumption of this Agreement at or prior to the
effectiveness of any succession shall be a material breach of this
Agreement.  Any assignment of this Agreement by the Company shall not
constitute a termination of the Executive’s employment.  Each
affiliated company, subsidiary and parent company of the Company shall be an
intended third party beneficiary of Sections 5, 6 and 7 of this
Agreement.

     

    15.           Entire
Agreement.  This Agreement constitutes the final and entire
agreement of the parties with respect to the matters covered hereby and replaces
and supersedes all other agreements and understandings, including the Prior
Agreement, relating hereto and to the Executive’s employment.

     

    
      
         

      

      
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    16.        Counterparts.  This
Agreement may be executed in any number of counterparts, including counterpart
signature pages or counterpart facsimile signature pages, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

     

    17.        No Conflicting
Agreements.  The Executive represents and warrants to the
Company that the Executive is not a party to or bound by any confidentiality,
noncompetition, nonsolicitation, employment, consulting or other agreement or
restriction which could conflict with, or be violated by, the performance of the
Executive’s duties to the Company or obligations under this
Agreement.

     

    18.        Review of
Agreement.  The Executive acknowledges that the Executive (a)
has carefully read and understands all of the provisions of this Agreement and
has had the opportunity for this Agreement to be reviewed by counsel, (b) is
voluntarily entering into this Agreement and (c) has not relied upon any
representation or statement made by the Company (or its affiliates, equity
holders, agents, representatives, employees or attorneys) with regard to the
subject matter or effect of this Agreement.  The Executive further
acknowledges that the provisions in Sections 5, 6 and 7 of this Agreement are
reasonable and necessary to protect the goodwill, customer relationships,
legitimate business interests and Confidential Information of the Company and
its affiliated companies, and the Company would not have entered into this
Agreement without the benefit of such provisions.

     

    19.        Captions.  The
captions of the sections of this Agreement are for convenience of reference only
and in no way define, limit or affect the scope or substance of any section of
this Agreement.

     

    20.        No Strict
Construction.  The parties hereto have participated jointly in
the negotiation and drafting of this Agreement.  In the event an
ambiguity or question of intent or interpretation arises under any provision of
this Agreement, this Agreement shall be construed as if drafted jointly by the
parties thereto, and no presumption or burden of proof shall arise favoring or
disfavoring any party by virtue of authoring any of the provisions of this
Agreement.

     

    [Remainder of Page Intentionally Left
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    This
Agreement has been executed and delivered as a sealed instrument as of the date
first above written.

     

    
      
        
          
            
              	
                      SANSWIRE
      CORP.

                    
	 
      	 
      
	
                      By:

                    	 
      
	 
      	
                      Name:  Michael
      Clark

                    
	 
      	
                      Title:  Chairman
      of the Board of Directors

                    
	 
      
	
                      EXECUTIVE

                    
	 
      
	 
      
	
                      Glenn
      D.
Estrella

                    

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
A

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