Document:

Promissory Note by and between Catcher Holdings, Inc. and Vivato Networks, Inc.

 Exhibit 10.50 
 PROMISSORY NOTE 
  

							
	BORROWER:	  	 Catcher Holdings, Inc.
 44084 Riverside
Parkway
 Suite 320
 Leesburg, VA
20176
	  	LENDER:	  	 Vivato Networks, Inc.
 322 NW Sixth Ave Suite
100
 Portland OR 97209

  

			
	Maximum Principal Amount: $1,000,000.00	  	Initial Interest Rate: 20%
	Date of Note: November, 30 2007	  	

 1. PROMISE TO PAY. The Borrower hereby promises to pay to the order of Lender on or before the Maturity
Date, at Lender’s principal place of business, or at such other place as Lender may direct, the principal sum of One Million Dollars ($1,000,000.00) or so much thereof as may be advanced and outstanding, together with all interest accrued on
unpaid principal, to be computed on each Advance from the date of its disbursement to Borrower, at a rate as provided in Section 5 below, as provided in the Loan Agreement (as defined in Section 3 below). The outstanding principal amount
of this Note, together with accrued interest thereon, shall be due and payable in full on the Maturity Date. The outstanding unpaid principal balance of this Note at any time shall be the total principal amounts advanced hereunder by Lender less the
amounts of payments of principal made hereon by Borrower, which balance may be endorsed hereon from time to time by Lender in accordance with Section 2. 
 2. RECORDING ADVANCES. Lender is authorized to record on Schedule A – Loan Advances hereto, and on any continuation(s) of such Schedule that may be attached to this Note: (a) the date and principal amount of
each Advance by Lender under the Loan Agreement; which recordation will constitute prima facie evidence of the accuracy of the information so endorsed on Schedule A – Loan Advances; provided however, that any failure to record such
information on such Schedule or continuation thereof will not in any manner affect the obligations of Borrower to make payments of principal and interest in accordance with the terms of this Note. Lender will promptly provide Borrower with a copy of
each recordation made by Lender on Schedule A – Loan Advances attached hereto. 
 3. PURPOSE. This Note is issued pursuant to certain
transactions referenced in that certain Business Loan Agreement between Lender and Aequitas Capital Management, Inc dated November 30, 2007 (the “Loan Agreement”) and is subject to all of the terms thereof. Capitalized terms
used herein which are not otherwise defined, if any, shall have the meanings ascribed to them in the Loan Agreement. 
 4. ADVANCES; RESTRICTIONS. The
outstanding balance of Advances made under this Note may fluctuate from time to time, to be increased by future Advances which may be made by Lender and to be decreased by repayments made by Borrower. Borrower acknowledges and agrees that Lender is
under no obligation to make any Advance hereunder and any Advance shall be in Lender’s sole and absolute discretion pursuant to the terms of the Loan Agreement. 
 5. INTEREST RATE AND PAYMENT. Interest shall accrue on the unpaid balance of this Note at the rate of 20% per annum on the unpaid principal balance and shall be calculated on the basis of a 365-day or
366-day year and actual days elapsed. NOTICE: Under no circumstances will the interest rate on this Note be more than the maximum rate allowed by applicable law. 
 6. PAYMENT. Borrower will pay this Note as follows: Borrower will make monthly interest-only payments on the outstanding balance of the Note commencing one month after the date of the Note and continuing on the
same day of each month thereafter. At Lender’s option, such payments shall be made to Lender via an Automated Clearing House (“ACH”) transfer from Borrower’s checking account. 
 7. MATURITY; APPLICATION OF PAYMENTS. The outstanding principal balance and all accrued and unpaid interest shall be due and payable on or before January 30,
2008 (the “Maturity Date”), provided, however, that after the occurrence of an Event of Default, the outstanding principal and all accrued interest shall be payable on demand. Unless otherwise agreed or required by applicable law,
payments will be applied first to expenses for which Borrower is liable hereunder (including unpaid collection costs and late charges), next to accrued and unpaid interest, and the balance to principal. In addition, the outstanding principal balance
and all accrued and unpaid interest shall be due and payable in the event of (1) a sale of all or substantially all of the assets of Borrower, or (2) the transfer of ownership or beneficial interest, by merger or otherwise, of 25% or more
of the stock or membership interests of Borrower, other than transfers between or among the shareholders of Borrower in existence as of the date of this Agreement. 
  

 Page 1 of 5 – PROMISSORY NOTE 

 8. FEES AND CHARGES. Borrower agrees that all loan fees and prepaid finance charges are earned fully as of the
date of the loan and will not be subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for the foregoing, all or any portion of this Note may be prepaid at any time. Early
payments will not, unless agreed to by Lender in writing, relieve Borrower of Borrower’s obligations to continue to make payments under the payment schedule. Rather, early payments will reduce the principal balance due and may result in
Borrower’s making fewer payments. Borrower agrees not to send Lender payments marked “paid in full”, “without recourse”, or similar language. If Borrower sends such payment, Lender may accept it without losing any of
Lender’s rights under this Note, and Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including any check or other payment instrument that indicates that payment
constitutes “payment in full” of the amount owed or that is tendered with other conditions or limitations or as full satisfaction of any disputed amount must be mailed or delivered to Lender at the address above. 
 9. aLATE CHARGE. If a payment is 15 days or more late, Borrower will pay to Lender a late charge equal to the lesser of 5.0% of the regularly scheduled payment or
the maximum amount permitted under applicable law. 
 10. INTEREST AFTER DEFAULT. Upon the occurrence of and during the continuation of an Event of
Default, including failure to pay all amounts due upon final maturity of this Note, Lender may, at its option and if permitted by applicable law, increase the interest rate of this Note by 5.00 percentage points (500 basis points). The interest rate
will not exceed the maximum rate permitted by law. 
 11. DEFAULT. Each of the following shall constitute an event of default (“Event of
Default”) under this Note: 
 a. Payment Default. Borrower fails to make any payment within five (5) calendar days when due
under this Note. 
 b. Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition
contained in this Note or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other agreement between Lender (or an affiliate of Lender) and Borrower. If any failure, other
than a failure to pay money, is curable and if Borrower has not been given a notice of a similar breach within the preceding 12 months, it may be cured (and no Event of Default will have occurred) if Borrower after delivery of written notice from
Lender demanding cure of such failure: (a) cures the failure within 15 days; or (b) if the cure requires more than 15 days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable
and necessary steps sufficient to produce compliance within 60 days after notice is sent. 
 c. Default in Favor of Third Parties.
Borrower defaults under any loan, extension of credit, security agreement, purchase or sale agreement, or any other agreement in favor of any other creditor or person that may materially affect any of Borrower’s property or Borrower’s
ability to repay this Note or perform Borrower’s obligations under this Note or any of the Related Documents. 
 d. False
Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower’s behalf under this Note or the Related Documents is false or misleading in any material respect, either now or at the time made or
furnished or becomes false or misleading in any material respect at any time thereafter. 
 e. Bankruptcy. The dissolution of Borrower
(regardless of whether election to continue is made), or any other termination of Borrower’s existence as a going business, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any
type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower. 
 f.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower or by any governmental agency against any
Collateral securing the Loan. 
  

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 g. Adverse Change. A material adverse change occurs in a Borrower’s financial condition.

 12. LENDER RIGHTS. Upon the occurrence of an Event of Default, Lender may declare the entire unpaid principal balance of this Note and all unpaid
interest and other amounts outstanding, including any prepayment charge which Borrower would be required to pay, immediately due and payable, without notice of any kind to Borrower, and Borrower will pay that amount. In the case of an Event of
Default of the type described in the “Bankruptcy” subsection above, such acceleration shall be automatic and not optional. 
 13.
ATTORNEYS’ FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrower does not pay. Borrower will pay Lender that amount. This includes, subject to any limits under applicable law, Lender’s reasonable
attorneys’ fees and legal expenses, whether or not there is a lawsuit, including without limitation attorneys’ fees and expenses incurred by Lender at trial, on appeal and in any arbitration or bankruptcy proceedings (including efforts to
modify or vacate any automatic stay or injunction). If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other sums provided by law. 
 14. ASSIGNMENTS. Borrower acknowledges that Lender may sell and assign its interest in this Note, the payments due thereunder and all Related Documents, in whole or in part, or participations therein, to an
assignee (the “Assignee”) which may be represented by a bank or trust company acting as a trustee of such Assignee. BORROWER ACKNOWLEDGES THAT ANY ASSIGNMENT OR TRANSFER BY LENDER OR ANY ASSIGNEE SHALL NOT MATERIALLY CHANGE BORROWER’S
OBLIGATIONS UNDER THE ASSIGNED NOTE. Any Assignee shall be entitled to enforce all the rights so assigned but be under no obligation to Borrower to perform any of Lender’s obligations under the assigned Note, the sole remedy of Borrower being
against Lender with Borrower’s right against Lender being unaffected except as provided herein. Borrower agrees that upon notice of assignment of this Note, it shall pay directly to the Assignee, unconditionally, all amounts which become due
hereunder. Borrower specifically covenants and agrees that it will not assert against any Assignee any claims by way of abatement, defense, set-off, counterclaim, recoupment or otherwise which Borrower may have against Lender or any third party, and
BORROWER SHALL NOT ASSERT AGAINST SUCH ASSIGNEE IN ANY ACTION FOR NOTE PAYMENTS OR OTHER MONEYS PAYABLE HEREUNDER ANY DEFENSE EXCEPT THE DEFENSE OF PAYMENT TO SUCH ASSIGNEE. Upon Lender’s request, Borrower will acknowledge to any Assignee
receipt of Lender’s notice of assignment. 
 15. JURY WAIVER. LENDER AND BORROWER HEREBY WAIVE THE RIGHT TO ANY JURY TRIAL IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM BROUGHT BY EITHER LENDER OR BORROWER AGAINST THE OTHER. 
 16. GOVERNING LAW. This Note will be governed by, construed and
enforced in accordance with the laws of the State of Oregon. This Note has been accepted by Lender in the State of Oregon. 
 17. CHOICE OF VENUE. If
there is a lawsuit, Borrower agrees to submit to the jurisdiction of the courts of Multnomah County, State of Oregon or the District of Oregon federal court. 
 18. SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower and Borrower’s successors and assigns, and shall inure to the benefit of Lender and its successors and assigns. 
 19. GENERAL PROVISIONS. Lender may delay or forego enforcing any of its rights or remedies under this Note without losing them. Borrower and any other person who
signs, guarantees or endorses this Note, to the extent allowed by law, waive presentment, demand for payment and notice of dishonor. Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs this
Note, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such parties agree that Lender may renew or extend (repeatedly and for any length of time) this loan or release any party or guarantor or
collateral; or impair, fail to realize upon or perfect Lender’s security interest in the Collateral and take any other action deemed necessary by Lender without the consent of or notice to anyone. All such parties also agree that Lender may
modify this loan without the consent of or notice to anyone other than the party with whom the modification is made. If there is more than one Borrower, the obligations of each Borrower under this Note are joint and several. 
  

 Page 3 of 5 – PROMISSORY NOTE 

 UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY LENDER AFTER OCTOBER 3, 1989 CONCERNING LOANS AND
OTHER CREDIT EXTENSIONS MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY LENDER TO BE ENFORCEABLE. 
 PRIOR TO SIGNING THIS NOTE, BORROWER
READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE. BORROWER AGREES TO THE TERMS OF THIS NOTE. 
 BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETE COPY OF
THIS NOTE. 
  

					
	BORROWER:
	
	CATCHER HOLDINGS, INC.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

  

 Page 4 of 5 – PROMISSORY NOTE 

 Schedule A – Loan Advances 
 Advances of Principal 
  

					
	 Date
	 	 Amount of Advance
	 	 Notation Made ByManagement Services Agreement

 Exhibit 10.51 
 MANAGEMENT ADVISORY SERVICES AGREEMENT 
 This MANAGEMENT ADVISORY SERVICES AGREEMENT (this
“Agreement”) is entered into as of November 20, 2007, by and among Catcher Holdings, Inc, a Delaware Corporation (the “Company”), and Aequitas Capital Management, Inc., an Oregon corporation
(“Aequitas”). 
 Background 
 Aequitas has staff skilled in strategy development, strategic planning, marketing, general management and corporate development and other management skills and services. An affiliate of Aequitas has consummated an
investment in the Company on or about the date hereof. The Company will require Aequitas’ special skills and management advisory services in connection with its general business operations, and Aequitas is willing to provide such skills and
services to the Company, all upon the terms and conditions set forth in this Agreement. 
 Agreement 
 NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties hereto, intending to be legally bound, do hereby agree as follows:

 1. Engagement. Upon the terms and conditions herein set forth, the Company hereby engages Aequitas for the Term (as defined below)
to provide management advisory services to the Company with regards to business and financing strategy including the formation and organization of the special purpose entities to support the Vivato network infrastructure projects and the contractual
arrangements they may have with third parties. These services may be requested from time to time by the Company in consideration for the compensation provided for in Section 3 below. Additionally, Aequitas will provide advisory services
with regard to strategy development, strategic planning, marketing, general management, corporate development and such other management services as the Company reasonably requests from time to time, and shall be performed under the direction of the
Company’s Board of Directors. In consideration of the remuneration herein specified, Aequitas accepts such engagement and agrees to perform the services specified herein. 
 2. Term. This Agreement shall commence on the date hereof and shall terminate (except as provided in Section 6(f)) on the earliest to
occur of (a) a Sale Transaction (defined below), (b) termination by Aequitas upon 30 days written notice to the Company, (c) the date that Aequitas or an affiliate of Aequitas ceases to have a debt or equity investment in the Company,
or (d) the third anniversary of the date hereof (the “Term”); provided, however, that if no Sale Transaction or initial Public Offering has been consummated prior to the third anniversary of the date hereof, the
Term shall be automatically extended thereafter on a year to year basis unless either party provides written notice to the other of its desire to terminate this Agreement at least 30 days prior to the expiration of the Term or any extension thereof.
“Sale Transaction” means (i) the sale (in one or a series of related transactions) of all or substantially all of the Company’s assets to a Person (defined below) or a group of Persons acting in concert, (ii) the sale
or transfer (in one or a series of related transactions) of a majority of the outstanding capital stock of the Company, to one Person or a group of Persons acting in concert, or (iii) the merger or consolidation of the Company with or into
another Person that is not an affiliate of the Company, in each case in clauses (ii) and (iii) above under circumstances in which the holders of a majority in voting power of the outstanding capital stock of the Company immediately prior
to such transaction (excluding any Person or group of 

 
persons acting in concert who are acquiring the Company) own less than a majority in voting power of the outstanding capital stock of the Company, or voting
equity securities of the surviving or resulting corporation or acquirer, as the case may be, immediately following such transaction. A sale (or multiple related sales) of assets including, without limitation, one or more subsidiaries (whether by way
of merger, consolidation, reorganization or sale of all or substantially all assets or securities) which constitutes all or substantially all of the assets of the Company shall be deemed a Sale Transaction. “Person” shall be
construed in the broadest sense and means and includes, without limitation, a natural person, a partnership, a corporation, an association, a joint stock company, a limited liability company, a trust, a joint venture, an unincorporated organization
and any other entity. 
 3. Advisory Fee; Success Fee. 
 (a) In consideration of Aequitas’ undertaking to provide the management advisory services hereunder, the Company shall pay Aequitas a
monthly advisory fee of $7,500 (the “Advisory Fee”). The Advisory Fee shall be payable by the Company whether or not the Company actually requests that Aequitas provide any management advisory services. The Advisory Fee shall be
paid monthly, in advance, on the first business day of each calendar month beginning December 1, 2007. 
 (b)
Notwithstanding anything to the contrary contained herein, the Company shall accrue but not pay the Advisory Fee if and for so long as (i) any such payment would constitute a default (or any event which might, with the lapse of time or the
giving of notice or both, constitute a default) under the Company’s financing agreements (a “Default”); provided, however, that the Company shall be obligated to pay any accrued Advisory Fees deferred under this
Section 3(b) to the extent that such payment would not constitute a Default or (ii) Aequitas instructs the Company not to pay all or any portion of the Advisory Fee during any calendar month. Interest will accrue on all due and
unpaid Advisory Fees not paid pursuant to clause (i) of the preceding sentence at the Default Rate until such Advisory Fees are paid, and such interest shall compound annually. The “Default Rate” shall be 12.0% per annum.

 (c) In addition to the Advisory Fee, the Company shall reimburse Aequitas promptly upon request for all reasonable
out-of-pocket expenses incurred by Aequitas in connection with Aequitas’ obligations hereunder, including without limitation the fees and expenses paid to consultants, subcontractors and other third parties in connection with such obligations,
a monthly telephone charge of $50 and a monthly administrative charge of 15% of the out-of-pocket costs and expenses incurred. 
 (d) In addition to the foregoing, the Company shall pay Aequitas a Success Fee as described in Exhibit A attached hereto. 
 (e) On or before the expiration of the Term of this Agreement (the “Expiration Date”), the Company will pay Aequitas for any unpaid fees due through the Expiration Date. 
  

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 4. Additional Rights and Obligations of the Parties. 
 (a) During the Term, Aequitas shall maintain in its employ, or otherwise have available to it, personnel in its judgment sufficient in
number and adequate in ability to perform all services that Aequitas is required to perform under this Agreement. 
 (b) The
Company shall at all times cooperate with Aequitas and keep Aequitas fully informed with regard to the business and significant activities of the Company and its subsidiaries. 
 (c) Aequitas shall diligently and faithfully perform its obligations under this Agreement, but Aequitas shall not be responsible for any
loss incurred by the Company or any of its subsidiaries as a result of any advice or recommendations of Aequitas. 
 5.
Indemnification. 
 (a) Indemnification. The Company agrees to indemnify and hold harmless Aequitas (including
its affiliates and its and their respective principals, officers, directors, shareholders, partners, members, managers and employees) from and against, and pay or reimburse Aequitas and such other indemnified persons for, any and all actions,
claims, demands, proceedings, investigations, inquiries, liabilities, obligations, fines, deficiencies, costs, expenses, royalties, losses and damages (whether or not resulting from third party claims) related to or arising out of the execution,
delivery or existence of this Agreement or the performance by Aequitas of services under this Agreement, and to reimburse Aequitas and any other indemnified person for out-of-pocket expenses and reasonable legal and accounting expenses incurred by
it in connection with or relating to investigating, preparing to defend, defending, asserting or prosecuting any actions, claims or other proceedings (including any investigation or inquiry) arising in any manner out of or in connection with the
execution, delivery or existence of this Agreement or Aequitas’ performance of services hereunder (whether or not such indemnified person is a named party in such proceeding); provided, however, that the Company shall not be
responsible under this Section 5(a) for any claims, liabilities, losses, damages or expenses to the extent that they are finally judicially determined (without right of further appeal) to result from actions taken by Aequitas (or by any
other indemnified person) due to Aequitas’ (or by any other indemnified person’s) gross negligence, willful misconduct, bad faith or knowing violation of applicable law. The rights to indemnification pursuant to this Agreement shall be in
addition to (but without duplication of) any other indemnification or other rights in favor of Aequitas or its affiliates. 
 (b) Limitation on Liability. The Company also agrees that neither Aequitas nor any other indemnified person shall have any liability (whether direct or indirect, in contract or tort or otherwise) to the Company for, or in connection
with (i) the retention of Aequitas pursuant to this Agreement or the performance by Aequitas of its obligations under this Agreement, except to the extent that any such liability is finally judicially determined (without right of further
appeal) to have resulted from Aequitas’ (or such other indemnified person’s) gross negligence or willful misconduct; or (ii) any investment by Aequitas or any of its affiliates in, or any loan by Aequitas or any of its affiliates to,
the Company or any of its affiliates. Aequitas makes no representations or warranties, express or implied, in respect of the services to be provided by Aequitas under this Agreement. The Company further acknowledges that Aequitas’ role under
this Agreement is as an advisor only, that Aequitas does not and will not have or exercise control over the Company’s affairs and/or governance, that Aequitas will have no liability for the actions of its affiliates in the absence of gross
negligence, and that the Company waives any claims based on assertions that Aequitas exercises control or influence over the Company’s affairs. In no event will Aequitas or any other indemnified person 

  

 Page 3 of 8—MANAGEMENT ADVISORY SERVICES AGREEMENT 

 
be liable under this Agreement for any punitive, exemplary, indirect, special, incidental or consequential damages, including lost profits or savings,
whether or not such damages are foreseeable, or in respect of any liabilities relating to any third party claims (whether based in contract, tort or otherwise). 
 (c) Contribution. If and to the extent that the indemnification provided for in Section 5(a) is not enforceable for any
reason, the Company agrees to make the maximum contribution possible pursuant to applicable law to the payment and satisfaction of any actions, claims, liabilities, losses and damages incurred by Aequitas or the other indemnified persons for which
they would have otherwise been entitled to be indemnified hereunder. 
 6. Miscellaneous. 
 (a) Notices. All notices, demands and other communications given or delivered under this Agreement shall be in writing and shall be
deemed to have been given (i) when personally delivered, (ii) 3 business days after being mailed by first class mail, certified with return receipt requested, or (iii) 1 business day after delivery to a reputable overnight courier for
next business day delivery, to the following addresses (or such other address as is specified in writing): 
 Aequitas Capital Management,
Inc. 
 5300 Meadows Road, Suite 400 
 Lake Oswego, OR 97035 
 Attn: Legal Department 
 Catcher Holdings, Inc. 
 44084 Riverside Drive 
 Leesburg, Virginia 20176 
 Attn:
Mr. Robert H. Turner 
 (b) Entire Agreement; Amendment and Modification. This Agreement constitutes the
entire agreement between the parties with respect to the subject matter hereof, superseding all prior understandings and agreements whether written or oral. This Agreement may not be amended or revised except by a writing signed by Aequitas and the
Company. 
 (c) Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties
and their respective successors and assigns but may not be assigned (and no duties may be delegated) by any party without the prior written consent of the other parties hereto, except that without such written consent Aequitas may assign this
Agreement to any of its affiliates. 
 (d) Arbitration. Any claims or controversies relating to this Agreement shall be
heard and resolved by arbitration under the auspices and rules of Arbitration Services of Portland, Inc. (“ASP”) or another mutually acceptable arbitration service. Venue for arbitration proceedings shall be in Portland, Oregon.
Arbitration shall be before 1 arbitrator, (a) selected by mutual agreement of the parties reached 15 days after ASP or other arbitration service has sent confirmation of notice of filing of the demand for arbitration, or (b) if no mutual
agreement can be reached within that time, appointed by ASP or other arbitration service. Any such arbitrator shall be an attorney at law who has practiced law for at least 10 years in either general commercial 

  

 Page 4 of 8—MANAGEMENT ADVISORY SERVICES AGREEMENT 

 
litigation or general corporate and commercial matters. The arbitrator shall not be empowered to award punitive damages or damages in excess of actual
damages. Depositions may be taken and other discovery may be obtained during such arbitration proceedings to the same extent authorized in civil judicial proceedings. Arbitration fees payable to the arbitrator shall initially be paid equally by the
parties; the prevailing party shall be entitled to recover any fees so paid from the non-prevailing party. Any award shall be final and legally binding and may be entered into judgment in any court of competent jurisdiction where a party maintains
assets. Except as required by applicable law, all arbitration proceedings and any evidence submitted therein (and particularly, but without limitation, any trade secrets, intellectual property and other information in which either of the parties has
an expectation of privacy) shall be kept confidential. Notwithstanding the foregoing, no party shall be prevented from seeking injunctive relief from a court of competent jurisdiction in order to enforce the terms of this Agreement. In any action
for equitable relief, the parties agree to waive any requirement for the posting of a bond or security. 
 (e) Governing
Law; Venue. This Agreement shall be deemed a contract made under the laws of the state of Oregon and, together with the rights and obligations of the parties hereunder, will be construed under and governed by the laws of the state of Oregon,
without giving effect to any conflicts of law provisions thereunder. The parties irrevocably submit to the jurisdiction of any state or federal court sitting in Multnomah County, Oregon, in any action or proceeding brought to enforce, or otherwise
arising out of or relating to, this Agreement, and hereby waive any objection to venue in any such court and any claim that such forum is an inconvenient forum. 
 (f) Waiver of Jury Trial; Attorney Fees. Each party hereby irrevocably waives any right it may have, and agrees not to request, a
jury trial for the adjudication of any dispute hereunder or in connection herewith or arising out of this Agreement or any transaction contemplated hereby. In the event suit or action (including arbitration) is brought by any party under this
Agreement to enforce any of its terms, or in any appeal therefrom, it is agreed that the prevailing party or parties will be entitled to reasonable attorneys fees to be fixed by the arbitrator, trial court and/or appellate court. 
 (g) Survival. Upon expiration or termination of this Agreement, all liabilities and obligations hereunder automatically shall
terminate except (i) liability for breaches by any party prior thereto, (ii) the Company’s obligations under Section 3 (with respect to any fees payable or incurred either prior to or at the termination of this Agreement
or following termination), and (iii) the Company’s obligations under Section 5, each of which shall survive the termination of this Agreement. 
 (h) Independent Contractor. The parties acknowledge and agree that Aequitas is and shall act as an independent contractor of the
Company in the performance of its duties hereunder. Aequitas is not, and in the performance of its duties will not hold itself out as, an employee, agent or partner of the Company or any of its subsidiaries. 
  

 Page 5 of 8—MANAGEMENT ADVISORY SERVICES AGREEMENT 

 (i) Counterparts. This Agreement may be signed and delivered in multiple
counterparts (including delivery by means of facsimile), each of which shall be deemed an original but which together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the parties have duly executed this Management Advisory Services Agreement as of the date first above written. 
  

			
	CATCHER HOLDINGS, INC.
		
	By:	 	 
	Name:	 	Robert H. Turner
	Its:	 	Chief Executive Officer
	
	AEQUITAS CAPITAL MANAGEMENT, INC.
		
	By:	 	 
	Name:	 	Robert Jesenik
	Title:	 	Chief Executive Officer

  

 Page 6 of 8—MANAGEMENT ADVISORY SERVICES AGREEMENT 

 EXHIBIT A 
 Success Fees 
 1. The Company shall pay Aequitas a contingent success fee (“Success Fee”) based upon the
successful consummation by the Company of each of the following types of transactions: 
  

	 	(a)	1.50% of the amount of any secured debt facility commitment (plus any increases in commitment amount during the 12 months following the initial transaction) provided to the Company
by a lender, including any lender now providing a debt facility or financing to the Company and excluding any financings provided by Aequitas or its Affiliates which provide for payment of separate transaction fees to Aequitas. For any transaction
amounts over $10,000,000, the fee on the amount in excess of $10,000,000 shall be 1%. 

  

	 	(b)	3.50% of the amount of any subordinated/mezzanine/private debt facility or unsecured debt facility commitment (plus any increases in commitment amount during the 12 months following
the initial transaction) from sources introduced by Aequitas and excluding any financings provided by Aequitas or its Affiliates which provide for payment of separate transaction fees to Aequitas. This fee will be reduced to 1.75% if the facility is
provided by a lender which the Company has contacted directly without the assistance of Aequitas prior to the date of this Agreement (as listed on Exhibit B) 

  

	 	(c)	Excepting for the 2007 $8,000,000 Preferred Stock Offering a milestone fee of 5.00% of the amount of new equity provided to the Company by an investor introduced to the Company by
Aequitas. This fee will be reduced to 2.50% if the equity is provided by an investor who was contacted directly by the Company without the assistance of Aequitas. 

  

	 	(d)	5.00% of the amount of debt cancellation, debt reduction or similar discounts provided by lenders or creditors of the Company excepting for conversions under the Note and Restricted
Stock Agreement of 2007 

  

	 	(e)	A percentage of the total purchase price paid or payable by the Company with respect to an acquisition target acquired by the Company which was introduced by Aequitas as follows:

  

	 	•	 	 5.00% of the first $5 million 

  

	 	•	 	 4.00% of the next $5 million 

  

	 	•	 	 3.00% of the next $5 million 

  

	 	•	 	 2.50% of any additional purchase price amount exceeding $15 million 

  

	 	(f)	2.50% of the total purchase price paid or payable by the Company with respect to an acquisition target acquired by the Company which was not introduced by Aequitas, excluding the
Vivato Networks acquisition. 

  

	 	(g)	A mutually agreed fee in the event of a sale of the Company or a substantial portion of its assets not in the ordinary course of business. 

  

 Page 7 of 8—MANAGEMENT ADVISORY SERVICES AGREEMENT 

	 	(h)	A $75,000 fee payable upon the formation and funding of each special purpose entity formed in connection with the Vivato Municipal Wireless Network Projects

  

	 	(i)	A milestone fee of $60,000 to be paid upon the first $5,000,000 closing of the 2007 Preferred Stock Offering. 

  

	 	(j)	A stock grant upon the acceptance of this Management Services Agreement of common shares of Cather as follows: 

  

	 	•	 	 500,000 shares of stock to be immediately registered under an S-8 filing. 

  

	 	•	 	 800,000 shares of stock to be registered at the next registration statement filed by Catcher, or 1,500,000 shares of stock if the S-8 filing is not effective within
30 days of the date hereof. 

 Success Fees shall be paid in full at the closing of each transaction. If (a) a facility or financing
commitment, or portion thereof, is based on future results of the Company or achievement of milestones by the Company, or (b) a sale or acquisition transaction provides for contingent or earnout payments, then the portion of the Success Fee
based on future results, milestone achievement or contingent or earnout payments (the “Milestone Fee”) shall be calculated based upon pro forma projections developed by the Company and Aequitas. An amount equal to 50% of the Milestone Fee
as so calculated shall be paid at the closing of the transaction in satisfaction of the Milestone Fee. 
 In the case of an acquisition transaction, the
purchase price includes consideration payable in the form of cash, assets, receivables, securities, promissory notes, any loans constituting an integral part of the transaction, earnouts, investments, license or royalty agreements, assumed
liabilities, covenants not to compete, consulting agreements or employment agreements with owners/shareholders in excess of market, leases or rents payable to owners/shareholders in excess of market, and any other economic benefits, rights, property
or interests, including payments contingent upon future events or conditions. 
 Notwithstanding anything to the contrary herein, Aequitas shall not be
entitled to, and the Company shall have no obligation to pay, a Success Fee with respect to a publicly registered offering of the Company’s securities. 
 Upon request, the Company agrees to execute an authorization for the lender/investor to pay a Success Fee, and/or any unpaid Aequitas invoice amount, out of the financing proceeds by direct wire transfer to Aequitas at closing. 

2. Following the Expiration Date, Aequitas will provide the Company with a list identifying each person it has introduced to the Company, prior to the Expiration
Date, in connection with a proposed transaction described in Section 1 above. Each person so identified shall be an “Aequitas Contact”. Notwithstanding the expiration of the term of this Agreement, Aequitas will be entitled to a
Success Fee as described in Section 1 above (in the same manner that a Success Fee would be due to Aequitas in the absence of expiration) with respect to any transaction which is consummated by the Company (a) with an Aequitas Contact
during the 2 year period following the Expiration Date, or (b) with any other person during the 1 year period following the Expiration Date if Aequitas provided material assistance in connection with the transaction. 
  

 Page 8 of 8—MANAGEMENT ADVISORY SERVICES AGREEMENT

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