Document:

Exhibit 10.50

 

TERMINATION
AGREEMENT

 

THIS TERMINATION AGREEMENT
(this “Termination Agreement”) is effective as of date set forth on the signature page hereof by and among
CIG Wireless Corp., a corporation incorporated in the State of Nevada (the “Company”) and CRG Finance AG (“CRG”).

 

WHEREAS, the Company
and CRG have previously entered into a Corporate Development Agreement dated as of June 1, 2011 (the “2011 Corporate Development
Agreement”);

 

WHEREAS, pursuant to
the terms of the 2011 Corporate Development Agreement, CRG agreed to serve as development agent to the Company, and to assist (a)
in the offer and sale of the Company’s common stock or any class of preferred stock; (b) to assist the Company to obtain
credit or indebtedness financing; and/or (c) to assist the Company to identify suitable mergers and acquisition companies and assets;

 

WHEREAS, the Company
and CRG have previously entered into a Corporate Development Agreement dated as of March 22, 2012, as amended on August 24, 2012
(collectively referred to herein as the “2012 Corporate Development Agreement”);

 

WHEREAS, pursuant to
the terms of the 2012 Corporate Development Agreement, CRG agreed to serve as development agent to the Company, and to assist (a)
in the offer and sale of the Company’s common stock or any class of preferred stock; (b) to assist the Company to obtain
credit or indebtedness financing; and/or (c) to assist the Company to identify suitable mergers and acquisition companies and assets;

 

WHEREAS, the Company
and CRG have previously entered into a Corporate Consulting Agreement dated as of March 22, 2012 (the “Corporate Consulting
Agreement” and together with the 2011 Corporate Development Agreement and the 2012 Corporate Development, collectively,
the “Agreements”);

 

WHEREAS, pursuant to
the terms of the Corporate Consulting Agreement, CRG agreed to provide advisory and consulting services to the Company; and

 

WHEREAS, the Company
and CRG have determined that it is in their mutual best interest to terminate each of the Agreements as of the date hereof.

 

NOW, THEREFOR, in consideration
of the premises and mutual covenants contained in this Termination Agreement and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged as adequate in all respects, the parties hereto agree as follows:

 

1.           Representations.
CRG represents and warrants to the Company that prior to the date hereof, CRG has not transferred, or attempted to transfer, any
of its rights or duties under the Agreements. CRG hereby acknowledges that CRG has had an adequate opportunity to review this Termination
Agreement. CRG has had the opportunity to, and to the extent desired to do so, has consulted with counsel of CRG’s own selection
concerning the substance of this Termination Agreement and the transactions contemplated hereby, including without limitation,
the legal, tax and investment consequences thereof.

 

    	 

    	 

    

 

TERMINATION
AGREEMENT

 

2.          Termination
of the Agreements. The Company and CRG hereby jointly, definitively and irrevocably terminate the Agreements, effective as
of the date hereof. CRG acknowledges that except as set forth in this Termination Agreement, all right to payment related to or
pursuant to the Agreements shall be terminated hereby.

 

3.          Termination
Payment. Within ten (10) calendar days of the date of this Termination Agreement, the Company shall pay to CRG the sum of Thirty-Five
Thousand Sixty-Five Dollars ($35,065) (the “Cash Payment”) and shall issue to CRG One Hundred and Twenty Thousand
(120,000) shares of the Company’s common stock (the “Securities”). The Cash Payment shall be sent via
wire transfer pursuant to those instructions set forth on Exhibit A hereto. The parties hereto agree that the Cash Payment
and the Securities shall represent the only amounts to be paid to CRG in consideration for the termination of the Agreements, and
CRG shall receive no further compensation for services rendered pursuant to the Agreements other than the Cash Payment and the
Securities. The Company hereby represents and warrants that the Securities, when issued, shall be duly authorized, validly issued,
fully paid and non-assessable. CRG acknowledges that neither the U.S. Securities and Exchange Commission (the “SEC”)
nor any state securities commission has approved the issuance of the Securities, nor passed upon or endorsed the merits of the
Securities; CRG further understands and agrees that the Securities have not been registered (i) with the SEC under the Securities
Act of 1933, as amended (the “Securities Act”); or (ii) with any state securities commission. In connection
with the issuance of the Securities, CRG hereby represents and warrants that those acknowledgements and representations set forth
on Annex A to this Termination Agreement are true and complete. Annex A is incorporated herein by reference thereto.
CRG agrees to comply with any and all covenants and agreements set forth in Annex A.

 

4.          Release.
CRG represents and warrants to the Company and any direct or indirect subsidiary thereof and its officers, directors, employees,
representatives, shareholders, agents, attorneys, accountants, consultants and affiliates and any successor to any of the aforementioned
(collectively, the “Released Parties”) that CRG has no claims against the Company or any of the Released Parties
in connection with the termination of the Agreements. CRG hereby fully and forever releases and discharges the Released Parties
from any claim, and/or cause of action, that CRG and all other persons having rights under the Agreements, has with respect to
any matter arising from or related to the Agreements or the termination thereof, without regard to whether such claim or cause
of action is presently known or knowable. CRG understands that in some jurisdictions a general release does not extend to claims
which a creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by such creditor
must have materially affected such creditor’s settlement with the debtor. Notwithstanding the foregoing, CRG hereby expressly
waives and relinquishes all rights and benefits under any such provision of the law of any applicable jurisdiction to such effect
or similar effect with respect to CRG’s release of any claims CRG may have against any of the Released Parties. CRG agrees
to indemnify and hold harmless the Company and each of the Released Parties and their respective successors and assigns from and
against any and all losses (including, without limitation, all reasonable fees, costs, expenses and disbursements of counsel) incurred
in connection with defending any action of CRG brought to contest this Termination Agreement, or to revive the Agreements, or to
dispute the validity and irrevocability of the termination of the Agreements hereby.

 

5.          Further Action.
The parties hereto shall execute and deliver all further instruments and documents, provide all information and take or forbear
from all such action as may be necessary or appropriate to accomplish the purposes of this Termination Agreement.

 

6.          Presumption.
This Termination Agreement or any section thereof shall not be construed against any party due to the fact that said Termination
Agreement or any section thereof was drafted by said party.

 

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TERMINATION
AGREEMENT

 

7.          Titles and Captions. All
article, section and paragraph titles or captions contained in this Termination Agreement are for convenience only and shall not
be deemed part of the context nor affect the interpretation of this Termination Agreement.

 

8.          Notices. All
notices, demands, instructions and other communications required or permitted to be given to or made upon either party hereto or
any other person shall be in writing and shall be personally delivered or sent by registered or certified mail, postage prepaid,
return receipt requested, or by a reputable courier delivery service, or by facsimile (confirmed by mail), and shall be deemed
to be given for purposes of this Termination Agreement on the day that such writing is delivered or sent to the intended recipient
thereof in accordance with the provisions of this section. Unless otherwise specified in a notice sent or delivered in accordance
with the foregoing provisions of this section, notices, demands, instructions and other communications in writing shall be given
to or made upon the respective parties hereto, in the case of CRG to the address of record on file with the Company; and
in the case of the Company, to the principal executive office of the Company.

 

9.          Severability. Should any
provision of this Termination Agreement be held by a court of competent jurisdiction to be unenforceable or invalid for any reason,
the remaining provisions of this Termination Agreement shall not be affected by such holding and shall continue in full force in
accordance with their terms.

 

10.         Successors in Interest.
Neither this Termination Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either of the
parties hereto without the prior written content of the other party. Subject to the preceding sentence, all rights relinquished
by CRG and all rights of the Company under this Termination Agreement shall be final, binding and conclusive upon the successors
and assigns of the parties hereto.

 

11.          Counterparts. This Termination
Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument. This Termination Agreement may be delivered via facsimile or scanned “PDF”
which shall be an original for all purposes.

 

12.          Entire Agreement; No Third-Party
Beneficiaries. This Termination Agreement constitutes the entire agreement, and supersedes and preempts all prior agreements,
understandings, or representations by or between the parties, whether written or oral. This Termination Agreement cannot be modified,
altered or amended except by a writing signed by all the parties hereto. No waiver by either party hereto of any provision or condition
of this Termination 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. Nothing in this Termination Agreement, express
or implied, is intended to confer upon any party, other than either party hereto and their respective permitted successors and
assigns, any rights or remedies under or by reason of this Termination Agreement.

 

13.          Governing Law; Arbitration.
This Termination Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York without
regard to the choice of law principles thereof. Any dispute, claim or controversy arising out of or relating to this Termination
Agreement or the breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope
or applicability of this Termination Agreement to arbitrate, shall be determined by arbitration in the City of New York before
a single arbitrator. The arbitration shall be administered by JAMS pursuant to JAMS’ Streamlined Arbitration Rules and Procedures.
Judgment on any Award may be entered in any court having jurisdiction. This clause shall not preclude parties from seeking provisional
remedies in aid of arbitration from a court of appropriate jurisdiction.

 

[Signature Page Follows]

 

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TERMINATION
AGREEMENT

 

IN WITNESS WHEREOF,
the parties hereto have executed this Termination Agreement as of this 1st day of August, 2013.

 

	CIG Wireless Corp.
	 	 
	 	By:	/s/ Paul McGinn
	 	 	Name:	Paul McGinn
	 	 	Title:	Chief Executive Officer
	 	 	Address:	Five Concourse Parkway, Suite 3100
	 	 	Atlanta, Georgia 30328

 

	CRG Finance AG
	 	 
	 	By:	/s/ Sergei Stetsenko
	 	 	Name:	Sergei Stetsenko
	 	 	Title:	President
	 	 	Address:	 
	 	Jurisdiction of Incorporation:

 

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TERMINATION
AGREEMENT

 

Exhibit A

 

Wire Transfer Instructions for CRG Finance
AG

 

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TERMINATION
AGREEMENT

 

ANNEX A

 

CIG Wireless Corp. and CRG Finance AG

 

Regulation S – Rule 903 Acknowledgments
and Representations 

 

Whereas, CRG has entered into an arrangement
with the Company with respect to the issuance by the Company of the Securities described in Section 3 of the Termination Agreement;

 

Whereas, the transaction between CRG and
the Company as issuer has been undertaken pursuant to the exemption from registration provided by Rule 903 of Regulation S promulgated
under the Securities Act;

 

Whereas, CRG desires to provide supplemental
written acknowledgment, representations, warranties and confirmation to the Company with respect to Subscriber’s compliance
with the terms and conditions required by Rule 903 of Regulation S;

 

Now, therefore, in consideration for the
authorization for issuance of the Securities, CRG does hereby acknowledge, represent, warrant, covenant, undertake and confirm
all of the following for the benefit of the Company, and the Company’s respective officers, directors, employees, counsel
and transfer agent, who may all fully rely upon such representations on and after the date hereof to the extent required by Rule
903 of Regulation S under the Securities Act (this “Acknowledgement”). All Capitalized terms not defined herein
have the meaning defined Regulation S of the Securities Act.

 

1.   REGULATION S REPRESENTATIONS
OF PURCHASER

 

		(a)	CRG acknowledges and agrees that the Company shall, and shall instruct its transfer agent to, refuse
to register any transfer of the Securities hereunder not made in accordance with the provisions of Regulation S, pursuant to registration
under Securities Act or pursuant to an available exemption from registration required under the Securities Act.

 

		(b)	CRG understands and acknowledges that the Securities have not been registered under the Securities
Act and are being issued in reliance upon the exemptions provided in Regulation S of the Securities Act and the Rules and Regulations
adopted thereunder. Accordingly, the Securities may not be offered or sold in the U.S. or to U.S. Persons (as such term is used
in Regulation S) unless the Securities are registered under the Securities Act, or an exemption for the regulation requirements
is available. Furthermore, hedging transactions involving the Securities may not be conducted unless in compliance with the Securities
Act.

 

		(c)	CRG understands that the Company is under no obligation to register the Securities under the Securities
Act, or to assist CRG in complying with the Securities Act or the securities laws of any state of the United States or of any foreign
jurisdiction. CRG understands that the Securities must be held indefinitely unless the Securities are registered under the Securities
Act or an exemption from registration is available. CRG acknowledges that such person has been advised of the limitation of Rule
144 promulgated under the Securities Act (“Rule 144”), and that CRG has been advised that Rule 144 permits resales
only under certain circumstances which are currently not available with respect to the Securities. CRG understands that it will
be unable to sell or trade any of the Securities without either registration under the Securities Act or the availability of exemption
from registration.

 

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TERMINATION
AGREEMENT

 

		(d)	CRG acknowledges its understanding that the issuance of the Securities is intended to be exempt
from registration under Rule 903 of Regulation S promulgated under the Securities Act. In furtherance thereof, in addition to the
other representations and warranties of CRG made herein, nothing herein shall construe CRG as a distributor acting on behalf of
the Company with respect to further distribution of the Securities issued to CRG.

 

		(e)	CRG expressly affirms and certifies the validity of the following acknowledgments, representations
and warranties for the benefit of the Company with the intent that the same may be relied upon in determining the suitability of
CRG as a qualified Non-U.S. Person purchaser and Subscriber of Securities:

 

		(i)	CRG did not receive the offer for the Securities (the “Offer”), nor was CRG
or its officers, directors, employees or shareholders solicited to purchase or acquire the Securities, in the United States; that
any and all documents underlying the issuance of Company Securities have not been executed or delivered by CRG in the United States,
and neither CRG nor any Person acting on behalf of CRG has engaged, directly or indirectly, in any negotiations with respect to
the Offer or the closing of the issuance of Company Securities in the United States;

 

		(ii)	CRG is not a U.S. Person (i.e., (i) not an individual resident in the U.S.; (ii) a partnership
or corporation organized or incorporated in the United States; (iii) an estate of which any executor or administrator is a U.S.
Person; (iv) a trust of which any trustee is a U.S. Person; (v) a dealer holding an account for a customer; (vi) an agency or branch
of a foreign entity located in the U.S.; or (vii) a partnership or corporation (A) organized or incorporated under the laws of
any foreign jurisdiction and (B) formed by a U.S. Person principally for the purpose of investing in securities not registered
under the Securities Act and is not acquiring the Securities for the account or benefit of a U.S. Person);

 

		(iii)	CRG is not acquiring the Securities as a result of, or subsequent to, (i) any advertisement, article,
notice or other communication published in any newspaper, magazine or other publication or broadcast over television or radio in
the U.S.; (ii) any promotional seminar or meeting in the U.S., or (iii) any solicitation by a Person not previously known to it
in connection with investments in securities generally; and

 

		(iv)	The Securities have not been registered under the Securities Act or under any state securities
laws and CRG agrees to issue its Securities in the U.S. or to, or for the account or benefit of, U.S. Persons only if (i) the Securities
are duly registered under the Securities Act and all applicable state securities laws; or (ii) there is an exemption from registration
under the Securities Act, including any exemption from the registration requirements of the Securities Act which may be available
pursuant to Rule 903 or Rule 904 under Regulation S, and all applicable state securities laws; that prior to any such issuance
the Company may require, as a condition affecting a transfer of the Securities, an opinion of counsel in form and substance satisfactory
to the Company as to the registration or exemption therefrom under the Securities Act and applicable state securities laws; that
the Company is under no obligation to register the Securities under the Securities Act or any applicable state securities laws
on its behalf or to assist it in complying with any exemption from such registration;

 

		(v)	The Securities will be acquired solely for the account of CRG, for investment purposes only, and
not with a view to, or for sale in connection with, any distribution thereof and with no present intention of distributing or reselling
any part of the Securities, provided, however, CRG reserves the right to sell or transfer the Securities at Subscriber’s
discretion at any time if made in compliance with the requirements prescribed by applicable law.

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TERMINATION
AGREEMENT

 

		(vi)	CRG agrees not to sell, pledge, transfer, dispose of, or otherwise deal with or engage in hedging
transactions involving, its Securities or any portion thereof except as otherwise permitted herein, unless and until counsel for
the Company shall have determined that the intended disposition or action is permissible and does not violate the Securities Act
or any applicable state securities laws, or the rules and regulations thereunder.

 

		(vii)	CRG’s jurisdiction of principal place of business and corporate domicile, as set forth in
Termination Agreement is true and correct.

 

		(viii)	CRG is not the issuer of the Securities, or a distributor, dealer or an affiliate of the issuer,
distributor or a dealer. CRG is not receiving a selling concession, fee or other remuneration in respect of the Securities received
by CRG. CRG undertakes and agrees that: (a) any offer or resale of the Securities within a one year restricted period shall be
made solely outside of the United States in an offshore transaction on a designated offshore securities market as such term is
defined in Rule 902(b) of Regulation S promulgated under the Securities Act; (b) No directed selling efforts shall be made in the
United States by any issuer, an affiliate, or any person acting on their behalf; (c) the Company will send to CRG a confirmation
or other notice stating that the Securities may be offered and sold during the distribution compliance period only in accordance
with the provisions of this Regulation S (Rule
901 through Rule 905, and Preliminary
Notes); pursuant to registration of the Securities under the Act; or pursuant to an available exemption from the registration
requirements of the Act.

 

		(f)	Without the prior written consent of the Company, CRG shall not under any circumstances solicit,
offer, introduce or close any transaction involving the Securities with any U.S. Person (as such term is defined under Rule 902(k)
of Regulation S promulgated under the Securities Act of 1933, as amended) with respect to any and all offerings and/or placements
of shares of the Company’s common stock or other securities, unless the Securities are registered with the U.S. Securities
& Exchange Commission or an exemption from such registration is available thereof.

 

		(g)	CRG agrees to fully comply with all applicable securities laws and not to trade at any time in
any securities of the Company on the basis of material non-public information and will not disclose any confidential transactions
involving the Company to any third parties, other than to authorized representatives of CRG who shall be under strict instructions
not to make any further disclosures to any other persons.

 

		(h)	CRG acknowledges and agrees that each stock certificate representing the Securities shall contain
a restricted transfer legend substantially in the following form:

 

THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE BEEN OFFERED AND SOLD TO NON-U.S. PERSONS, AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION
UNDER THE SECURITIES ACT IN RELIANCE UPON REGULATION S PROMULGATED UNDER THE SECURITIES ACT. TRANSFER OF THESE SECURITIES IS PROHIBITED,
EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AVAILABLE
EXEMPTION FROM REGISTRATION. HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

 

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TERMINATION
AGREEMENT

 

		(i)	All representations, warranties and covenants contained in this undertaking shall survive the date
hereof and remain in full force and effect without termination.

 

    	9Exhibit 10.51

 

August 2, 2013

 

CIG Wireless Corp.

5 Concourse Parkway, Suite 3100

Atlanta, GA 30328

 

RE:Equity Compensation

 

Ladies and Gentlemen:

 

Each of the undersigned is delivering this
letter to CIG Wireless Corp. (the “Company”) to confirm their respective understanding with the Company with
respect to the following:

 

On the date hereof, the Company is entering
into a Securities Purchase Agreement, by and among the Company, on the one hand, and each of the undersigned investors (each, an
“Investor” and collectively, the “Investors”), on the other hand (the “Purchase
Agreement”), pursuant to which the Company is issuing, on the date hereof, and, may issue in one or more additional closings,
shares of the Company’s Series A-1 Non-Convertible Preferred Stock, par value $0.00001 per share (“Series A-1 Preferred
Stock”) and shares of the Company’s Series A-2 Convertible Preferred Stock, par value $0.00001 per share (“Series
A-2 Preferred Stock”) to the Investors as described in the Purchase Agreement (the “Financing Transaction”).

 

Each of the Investors understands that
subsequent to the closing of the Financing Transaction, the Company’s management intends to propose the option grants for
the individuals as set forth on Exhibit A (the “Option Grants”) and, accordingly, the Company will submit
the Option Grants to a vote of the Company’s Board of Directors and, if required by or advisable under applicable law, to
the Company’s stockholders for approval.

 

In consideration of the execution of the
Purchase Agreement by the Company, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each Investor hereby agrees, during the period commencing on the date hereof and ending on the termination of this
letter agreement by its terms, to cause its representative on the Board to vote, at a meeting of the Board of Directors duly called,
and itself to vote all shares of Series A-1 Preferred Stock, Series A-2 Preferred Stock and/or common stock of the Company, par
value $0.00001 per share (“Common Stock”) then held by such Investor at a meeting of the stockholders of the
Company however called, for the purpose of approving the Option Grants and in any action by written consent of the stockholders
of the Company, in favor of, the approval and adoption of the Option Grants.

 

Each Investor hereby represents and warrants
that such Investor has full power and authority to enter into this letter agreement. Notwithstanding anything herein to the contrary,
if the Option Grants are not proposed by management or otherwise adopted by the Board or the Company’s stockholders, the
Investors shall have no further obligation with respect thereto, and the Investors sole obligation under this letter is to vote
to support each of the Option Grants on the terms attached hereto, so long as they comply with all applicable law.

 

    	 

    	 

    

 

This letter agreement shall automatically
terminate upon the earliest to occur of: (a)  the calling of any meeting of the stockholders of the Company however called,
or any solicitation for the action of the stockholders of the Company by written consent, for the purpose of approving and adopting
grants of options or other equity compensation award, plan or arrangement in favor of the persons listed on Exhibit A that is inconsistent
with the Option Grants; (b) the occurrence of any Event of Default (as defined in the Purchase Agreement); or (c) at
11:59 pm Eastern Standard Time on September 30, 2013. For the avoidance of doubt, upon the termination of this letter agreement
pursuant to the foregoing, each Investor shall no longer have any obligation to cause its Board representatives to vote, or itself
vote any shares of Series A-1 Preferred Stock, Series A-2 Preferred Stock and/or Common Stock held by such Investor, in favor of
the approval and adoption of the Option Grants. For the avoidance of doubt, while the basic terms of the Option Grants are set
forth on Exhibit A, the detailed terms and conditions of the Option Grants shall be subject to the approval of the Investors, which
approval shall be determined in their sole discretion.

 

This letter shall be governed by and construed
in accordance with the laws of the State of New York, without regard to the conflict of laws principles thereof. This letter 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. This letter cannot be modified,
altered or amended except by a writing signed by the Company and each of the Investors to which such modification, alteration or
amendment applies. This letter may be executed in several counterparts, each of which shall be deemed to be an original but all
of which together will constitute one and the same instrument, and may be delivered via facsimile, “pdf” or any other
mode of electronic delivery which shall be an original for all purposes.

 

[Signature Page Follows]

 

    	-2-

    	 

    

 

IN WITNESS WHEREOF,
this letter agreement has been duly executed by each of the parties set forth below as of the date first above set forth.

 

Investors

 

FIR TREE REF III TOWER LLC

 

	By:	/s/ Brian Meyer	 
	 	Name: Brian Meyer	 
	 	Title: Authorized Person	 

 

FIR TREE CAPITAL OPPORTUNITY (LN) MASTER FUND, LP

 

	By:	/s/ Brian Meyer	 
	 	Name: Brian Meyer	 
	 	Title: Authorized Person	 

 

Acknowledged and Agreed: 

 

CIG Wireless Corp.

	By:	Paul McGinn	 
	 	Name: Paul McGinn	 
	 	Title: CEO	 

 

    	-3-

    	 

    

 

Exhibit A

 

Terms and Conditions of Option Grants

 

Grantees:

 

Michael Hofe

 

B. Eric Sivertsen

 

Award:

 

Mr. Hofe, options to purchase 300,000 shares of Common Stock

 

Mr. Sivertsen, options to purchase 300,000 shares of Common
Stock

 

Exercise Price:

 

The average of the 20 day VWAP beginning on August 15, 2013,
but in no event less than $1.00 per share

 

Cashless exercise, but not after termination of employment

 

Grant Date:

 

September 16, 2013 (21st Trading Day after August
15, 2013)

 

Vesting:

 

Initial vesting on date of grant, 20%

 

Annual vesting thereafter in four equal installments of 20%
on each anniversary of grant date

 

100% acceleration upon “change of control” (to be
defined)

 

Termination:

 

Without Cause, vesting stops upon termination and 90 days to
exercise vested portion of options

 

With Cause, forfeit all vested and unvested options

 

In the event of termination without Cause prior to September
15, 2013, the option will still be granted, with initial vesting of 20% and 90 days to exercise.

 

Expiration on later of fifth anniversary of grant date or 90
days after termination without cause (but in no event later than tenth anniversary of grant date)

 

    	 

    	 

    

 

Additional Options:

 

In addition to the above, for each of Mr. Hofe and Mr. Sivertsen,
options to purchase 500,000 shares of Common Stock:

 

		·	Exercise price equal to $1.00 per share;

		·	Grant date within ten (10) business days of closing the Financing Transaction;

		·	Fully vested;

		·	Method of payment of exercise price and applicable tax withholdings: cash, bank check, cashier’s check or wire transfer;

		·	Expiration: 5:00 (NY time) on August 30, 2013.

 

    	5

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