Document:

Exhibit 10.5

 

GUARANTY

 

GUARANTY (this "Guaranty"), dated as of May
27, 2021, by AZCOMS, LLC, a Arizona limited liability company ("Azcoms"), DRONE AFS CORP., a Nevada corporation
("Drone"), LEXTRUM, INC., a California corporation ("Lextrum"), DRAGONWAVE-X, LLC, an
Arizona limited liability company ("Dragonwave-X"), DRAGONWAVE CORP., a Delaware corporation ("Dragonwave
Corp."), DRAGONWAVE-X CANADA, INC., a Canada corporation ("Dragonwave Canada"), RVISION, INC.,
a Nevada corporation ("RVision"), INDURAPOWER, INC., a Delaware corporation ("InduraPower"),
ELITISE, LLC, an Arizona limited liability company ("Elitise"), SOVEREIGN ENGINEERING, LLC, an Arizona
limited liability company ("Sovereign Engineering"), SILVER BULLET TECHNOLOGY, INC., a Delaware corporation ("Silver
Bullet"), SILVER BULLET TECHNOLOGY, LLC, a Delaware limited liability company ("Silver Bullet LLC"),
SKYLINE PARTNERS TECHNOLOGY, LLC, a Delaware limited liability company ("Skyline"), SKY SOVEREIGN, INC.,
a Nevada corporation ("Sky Soverign"), SKY SAPIENCE LTD, a corporation organized under the laws of Isreal ("Sky
Sapience"), LIGHTER THAN AIR SYSTEMS, CORP., a Florida corporation ("Lighter Than Air"), SOVEREIGN
PLASTICS, LLC, a Colorado limited liability company ("Sovereign Plastics"), SPRING CREEK MANUFACTURING, INC.,
a Colorado corporation ("Spring Creek"), VEO PHOTONICS, INC., a California corporation ("VEO"),
VIRTUAL NETCOM, LLC, a Virginia limited liability company ("Virtual NetCom" and, collectively with Azcoms, Drone,
Lextrum, Dragonwave-X, Dragonwave Corp., Dragonwave Canada, RVision, InduraPower, Elitise, Sovereign Engineering, Silver Bullet, Silver
Bullet LLC, Skyline, Sky Sovereign, Sky Sapience, Lighter Than Air, Sovereign Plastics, Spring Creek and VEO, the "Guarantors"
and each individually, a "Guarantor") in favor of Lind Global Asset Management IV, LLC (the "Secured Party").

 

WHEREAS, COMSovereign Holding Corp., a Nevada corporation (the
"Company") (a) and the Secured Party have entered into that certain Securities Purchase Agreement dated as of the date
hereof (as amended and in effect from time to time, the "SPA"); (b) issue to the Secured Party that certain Convertible
Promissory Note dated as of the date hereof (as amended and in effect from time to time, the "Note"); and (c) and the
Secured Party have entered into that certain Security Agreement dated as of the date hereof (the "Security Agreement");

 

WHEREAS, the Company is the direct or indirect parent of each
of the Guarantors and all are members of a group of related entities, the success of any one of which is dependent in part on the success
of the other members of such group;

 

WHEREAS, the Guarantors expect to receive substantial direct
and indirect benefits from the extensions of credit to the Company by the Secured Party pursuant to the Note (which benefits are hereby
acknowledged);

 

WHEREAS, it is a condition precedent to the Secured Party extending
credit to the Company under the Note and entering into the SPA that the Guarantors execute and deliver to the Secured Party a guaranty
substantially in the form hereof; and

 

WHEREAS, the Guarantors wish to jointly and severally guaranty
the Company's and the other Guarantors' obligations to the Secured Party under the Note and the other Transaction Documents (as such term
is defined in the SPA) as provided herein;

 

WHEREAS, certain of the Guarantors are also entering into a
Security Agreement dated as of the date hereof among certain of the Guarantors and the Secured Party (as amended and in effect, the "Guarantor
Security Agreement");

 

     

     

    

 

NOW, THEREFORE, the Guarantors hereby agree with the Secured
Party as follows:

 

1.
Definitions.
The term "Obligations" and all other capitalized terms used herein without definition shall have the respective meanings provided
therefor in the Guarantor Security Agreement.

 

2.
Guaranty of Payment and Performance.
The Guarantors hereby jointly and severally guarantee to the Secured Party the full and punctual payment when due (whether at stated maturity,
by required pre-payment, by acceleration or otherwise), as well as the performance, of all of the Obligations including all such which
would become due but for the operation of the automatic stay pursuant to §362(a) of the Federal Bankruptcy Code and the operation
of §§502(b) and 506(b) of the Federal Bankruptcy Code. This Guaranty is an absolute, unconditional and continuing guaranty of
the full and punctual payment and performance of all of the Obligations and not of their collectibility only and is in no way conditioned
upon any requirement that the Secured Party first attempt to collect any of the Obligations from the Company or resort to any collateral
security or other means of obtaining payment. Should the Company default in the payment or performance of any of the Obligations, the
joint and several obligations of the Guarantors hereunder with respect to such Obligations in default shall, upon demand by the Secured
Party, become immediately due and payable to the Secured Party, without demand or notice of any nature, all of which are expressly waived
by the Guarantors. Payments by the Guarantors hereunder may be required by the Secured Party on any number of occasions. All payments
by the Guarantors hereunder shall be made to the Secured Party, in the manner and at the place of payment specified therefor in the Note,
for the account of the Secured Party. Each Guarantor shall make all payments hereunder without setoff or counterclaim and free and clear
of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions
or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other
authority therein unless such Guarantor is compelled by law to make such deduction or withholding. If any such obligation is imposed upon
such Guarantor with respect to any amount payable by it hereunder, such Guarantor will pay to the Secured Party on the date on which such
amount is due and payable hereunder, such additional amount in U.S. dollars as shall be necessary to enable the Secured Party to receive
the same net amount which the Secured Party would have received on such due date had no such obligation been imposed upon the Guarantor.
Each Guarantor will deliver promptly to the Secured Party certificates or other valid vouchers for all taxes or other charges deducted
from or paid with respect to payments made by such Guarantor hereunder. The obligations of each Guarantor under this paragraph shall survive
the payment in full of the Obligations and termination of this Guaranty.

 

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3.
Guarantors' Agreement to Pay Enforcement Costs, etc.
Each Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Secured Party, on demand, all costs
and expenses (including court costs and reasonable legal expenses) incurred or expended by the Secured Party in connection with the Obligations,
this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this §3 from the time when such amounts
become due until payment, whether before or after judgment, at the rate of interest for overdue principal set forth in the Note, provided
that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such
maximum permitted amount.

 

4.
Waivers by Guarantor; Freedom to Act.
Each Guarantor agrees that the Obligations will be paid and performed strictly in accordance with their respective terms, regardless of
any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Secured Party
with respect thereto. Each Guarantor waives promptness, diligence, presentment, demand, protest, notice of acceptance, notice of any Obligations
incurred and all other notices of any kind, all defenses which may be available by virtue of any valuation, stay, moratorium law or other
similar law now or hereafter in effect, any right to require the marshalling of assets of the Company or any other Person primarily or
secondarily liable with respect to any of the Obligations, and all suretyship defenses generally. Without limiting the generality of the
foregoing, each Guarantor agrees to the provisions of any instrument evidencing, securing or otherwise executed in connection with any
Obligation and agrees that the joint and several obligations of the Guarantors hereunder shall not be released or discharged, in whole
or in part, or otherwise affected by (a) the failure of the Secured Party to assert any claim or demand or to enforce any right or remedy
against the Company or any other Person primarily or secondarily liable with respect to any of the Obligations; (b) any extensions, compromise,
refinancing, consolidation or renewals of any Obligation; (c) any change in the time, place or manner of payment of any of the Obligations
or any rescissions, waivers, compromise, refinancing, consolidation or other amendments or modifications of any of the terms or provisions
of the Note, the other Transaction Documents or any other agreement evidencing, securing or otherwise executed in connection with any
of the Obligations, (d) the addition, substitution or release of any entity or other person primarily or secondarily liable for any Obligation;
(e) the adequacy of any rights which the Secured Party may have against any collateral security or other means of obtaining repayment
of any of the Obligations; (f) the impairment of any collateral securing any of the Obligations, including without limitation the failure
to perfect or preserve any rights which the Secured Party might have in such collateral security or the substitution, exchange, surrender,
release, loss or destruction of any such collateral security; or (g) any other act or omission which might in any manner or to any extent
vary the risk of the Guarantors or otherwise operate as a release or discharge of any Guarantor, all of which may be done without notice
to the Guarantors. To the fullest extent permitted by law, each Guarantor hereby expressly waives any and all rights or defenses arising
by reason of (i) any "one action" or "anti-deficiency" law which would otherwise prevent the Secured Party from bringing
any action, including any claim for a deficiency, or exercising any other right or remedy (including any right of set-off), against such
Guarantor before or after the Secured Party's commencement or completion of any foreclosure action, whether judicially, by exercise of
power of sale or otherwise, or (ii) any other law which in any other way would otherwise require any election of remedies by the Secured
Party.

 

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5.
Unenforceability of Obligations Against Company.
If for any reason the Company or any other Guarantor have or has no legal existence or is under no legal obligation to discharge any of
the Obligations, or if any of the Obligations have become irrecoverable from the Company or any Guarantor by reason of the Company's or
such Guarantor's insolvency, bankruptcy or reorganization or by other operation of law or for any other reason, this Guaranty shall nevertheless
be binding on the Guarantors to the same extent as if each Guarantor at all times had been the principal obligor on all such Obligations.
In the event that acceleration of the time for payment of any of the Obligations is stayed upon the insolvency, bankruptcy or reorganization
of the Company or any other Guarantor, or for any other reason, all such amounts otherwise subject to acceleration under the terms of
the Note, the other Transaction Documents or any other agreement evidencing, securing or otherwise executed in connection with any Obligation
shall be immediately due and payable by the Guarantors.

 

6.
Subrogation; Subordination.

 

		6.1.	Waiver of Rights Against Company. Until the final payment and
performance in full of all of the Obligations, the Guarantors shall not exercise and each hereby waives any rights against the Company
arising as a result of payment by such Guarantor hereunder, by way of subrogation, reimbursement, restitution, contribution or otherwise,
and will not prove any claim in competition with the Secured Party in respect of any payment hereunder in any bankruptcy, insolvency or
reorganization case or proceedings of any nature; the Guarantors will not claim any setoff, recoupment or counterclaim against the Company
in respect of any liability of a Guarantor to the Company; and each Guarantor waives any benefit of and any right to participate in any
collateral security which may be held by the Secured Party.

 

		6.2.	Subordination. The payment of any amounts due with respect
to any indebtedness of the Company for money borrowed or credit received now or hereafter owed to any Guarantor is hereby subordinated
to the prior payment in full of all of the Obligations. Each Guarantor agrees that, after the occurrence of any default in the payment
or performance of any of the Obligations, such Guarantor will not demand, sue for or otherwise attempt to collect any such indebtedness
of the Company to such Guarantor until all of the Obligations shall have been paid in full. If, notwithstanding the foregoing sentence,
a Guarantor shall collect, enforce or receive any amounts in respect of such indebtedness while any Obligations are still outstanding,
such amounts shall be collected, enforced and received by such Guarantor as trustee for Secured Party and be paid over to the Secured
Party on account of the Obligations without affecting in any manner the liability of the Guarantors under the other provisions of this
Guaranty.

 

		6.3.	Provisions Supplemental. The provisions of this §6 shall
be supplemental to and not in derogation of any rights and remedies of the Secured Party under any separate subordination agreement which
the Secured Party may at any time and from time to time enter into with a Guarantor.

 

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7.
Security; Setoff.
Each Guarantor grants to the Secured Party, as security for the full and punctual payment and performance of all of such Guarantor’s
obligations hereunder, a continuing lien on and security interest in all securities or other property belonging to such Guarantor now
or hereafter held by the Secured Party and in all deposits (general or special, time or demand, provisional or final) and other sums credited
by or due from the Secured Party to such Guarantor or subject to withdrawal by such Guarantor. Regardless of the adequacy of any collateral
security or other means of obtaining payment of any of the Obligations, the Secured Party is hereby authorized at any time and from time
to time, without notice to any Guarantor (any such notice being expressly waived by each Guarantor) and to the fullest extent permitted
by law, to set off and apply such deposits and other sums against the obligations of each Guarantor under this Guaranty, whether or not
the Secured Party shall have made any demand under this Guaranty and although such obligations may be contingent or unmatured.

 

8.
Further Assurances.
Each Guarantor agrees that it will from time to time, at the request of the Secured Party, do all such things and execute all such documents
as the Secured Party may consider necessary or desirable to give full effect to this Guaranty and to perfect and preserve the rights and
powers of the Secured Party hereunder. Each Guarantor acknowledges and confirms that such Guarantor itself has established its own adequate
means of obtaining from the Company on a continuing basis all information desired by such Guarantor concerning the financial condition
of the Company and that such Guarantor will look to the Company and not to the Secured Party in order for such Guarantor to keep adequately
informed of changes in the Company's financial condition.

 

9.
Termination; Reinstatement.
This Guaranty shall remain in full force and effect until the Secured Party is given written notice of a Guarantor’s intention to
discontinue this Guaranty, notwithstanding any intermediate or temporary payment or settlement of the whole or any part of the Obligations.
No such notice shall be effective unless received and acknowledged by an officer of the Secured Party at the address of the Secured Party
for notices set forth in the SPA. No such notice shall affect any rights of the Secured Party hereunder, including without limitation
the rights set forth in §§4 and 6, with respect to any Obligations incurred or accrued prior to the receipt of such notice or
any Obligations incurred or accrued pursuant to any contract or commitment in existence prior to such receipt. This Guaranty shall continue
to be effective or be reinstated, notwithstanding any such notice, if at any time any payment made or value received with respect to any
Obligation is rescinded or must otherwise be returned by the Secured Party upon the insolvency, bankruptcy or reorganization of the Company,
or otherwise, all as though such payment had not been made or value received.

 

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10.
Successors and Assigns.
This Guaranty shall be binding upon each Guarantor, its successors and assigns, and shall inure to the benefit of the Secured Party and
its successors, transferees and assigns. Without limiting the generality of the foregoing sentence, the Secured Party may assign or otherwise
transfer the Note or any other agreement or note held by it evidencing, securing or otherwise executed in connection with the Obligations,
or sell participations in any interest therein, to any other Person, and such other entity or other person shall thereupon become vested,
to the extent set forth in the agreement evidencing such assignment, transfer or participation, with all the rights in respect thereof
granted to the Secured Party herein, all in accordance with the Note. The Guarantors may not assign any of its obligations hereunder.

 

11.
Notices.
All notices and other communications called for hereunder shall be made in writing and, unless otherwise specifically provided herein,
shall be deemed to have been duly made or given when delivered by hand or mailed first class, postage prepaid, addressed as follows: if
to any Guarantor, at the address set forth beneath its signature hereto, and if to the Secured Party, at the address for notices to the
Secured Party set forth in the SPA, or at such address as any party may designate in writing to the other parties.

 

12.
Governing Law; Consent to Jurisdiction.

 

(a) THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

(b) EACH
GUARANTOR IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF NEW YORK SITTING IN MANHATTAN COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE
COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER TRANSACTION DOCUMENT, OR
FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS
IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL
BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS
GUARANTY OR IN ANY OTHER TRANSACTION DOCUMENT SHALL AFFECT ANY RIGHT THAT THE SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR
PROCEEDING RELATING TO THIS GUARANTY OR ANY OTHER TRANSACTION DOCUMENT AGAINST ANY GUARANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

 

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(c) EACH
GUARANTOR IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER TRANSACTION
DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY
SUCH COURT.

 

(d) EACH OF THE GUARANTORS
AND THE SECURED PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN §12. NOTHING IN THIS
AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

 

13.
Amendments and Waivers.
No amendment or waiver of any provision of this Guaranty nor consent to any departure by any Guarantor therefrom shall be effective unless
the same shall be in writing and signed by the Secured Party. No failure on the part of the Secured Party to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude
any other or further exercise thereof or the exercise of any other right.

 

14.
Waiver of Jury Trial.
EACH GUARANTOR, AND, BY ITS ACCEPTANCE HEREOF, THE SECURED PARTY, HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO
THIS GUARANTY OR ANY OTHER TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR
ANY OTHER THEORY). Except as prohibited by law, each Guarantor hereby waives any right which it
may have to claim or recover in any litigation referred to in the preceding sentence any special, exemplary, punitive or consequential
damages or any damages other than, or in addition to, actual damages. EACH GUARANTOR, AND, BY ITS ACCEPTANCE HEREOF, THE SECURED
PARTY, (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTY AND THE OTHER TRANSACTION DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

15.
Miscellaneous.
This Guaranty constitutes the entire agreement of the Guarantors with respect to the matters set forth herein. The rights and remedies
herein provided are cumulative and not exclusive of any remedies provided by law or any other agreement, and this Guaranty shall be in
addition to any other guaranty of or collateral security for any of the Obligations. The invalidity or unenforceability of any one or
more sections of this Guaranty shall not affect the validity or enforceability of its remaining provisions. Captions are for the ease
of reference only and shall not affect the meaning of the relevant provisions. The meanings of all defined terms used in this Guaranty
shall be equally applicable to the singular and plural forms of the terms defined.

 

16.
Contribution.
To the extent any Guarantor makes a payment hereunder in excess of the aggregate amount of the benefit received by such Guarantor in respect
of the extensions of credit under the Credit Agreement (the "Benefit Amount"), then such Guarantor, after the payment
in full, in cash, of all of the Obligations, shall be entitled to recover from each other guarantor of the Obligations such excess payment,
pro rata, in accordance with the ratio of the Benefit Amount received by each such other guarantor to the total Benefit Amount
received by all guarantors of the Obligations, and the right to such recovery shall be deemed to be an asset and property of such Guarantor
so funding; provided, that all such rights to recovery shall be subordinated and junior in right of payment to the final and undefeasible
payment in full in cash of all of the Obligations.

 

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IN WITNESS WHEREOF, each Guarantor has caused this Guaranty
to be executed and delivered as of the date first above written.

 

	 	AZCOMS, LLC
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 		Name: Daniel L. Hodges
	 		Title: Manager
	 		Address:  5120 S. Julian Drive, Suite 110,

Tucson, AZ 85706
	 	 	 
	 	DRONE AFS CORP.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 		Name: Daniel L. Hodges
	 		Title: President
	 		Address: 5000 Quorum Drive, Suite 400,

Dallas, TX 75254
	 	 	 
	 	LEXTRUM, INC.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 		Name: Daniel L. Hodges
	 		Title: Secretary & CFO
	 		Address:  5120 S. Julian Drive, Suite 110,

Tucson, AZ 85706
	 	 	 
	 	DRAGONWAVE-X, LLC
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 		Name: Daniel L. Hodges
	 		Title: Manager
	 		Address:  5120 S. Julian Drive, Suite 110,

Tucson, AZ 85706

 

     

     

    

 

		DRAGONWAVE CORP.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Secretary
	 	 	Address: 5000 Quorum Drive, Suite 400,

Dallas, TX 75254  
		 	 
	 	DRAGONWAVE-X CANADA, INC.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: President
	 	 	Address: 362 Terry Fox Drive, Suite 100,

Ottawa,  Ontario, Canada K2K 2P5
		 	 
	 	RVISION, INC.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Secretary
	 	 	Address:  10350 Science Center Drive, Suite 100, San Diego, CA, 92121
		 	 
	 	INDURAPOWER, INC.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Secretary
	 	 	Address:  5120 S. Julian Drive, Suite 110,

Tucson, AZ 85706  
	 	 	 
	 	ELITISE, LLC
	 	 	 
		By:	/s/ Daniel L. Hodges
		 	Name: Daniel L. Hodges
		 	Title: Manager
		 	Address:  5120 S. Julian Drive, Suite 110,

Tucson, AZ 85706

 

     

     

    

 

	 	SOVEREIGN ENGINEERING, LLC
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Manager
	 	 	Address:  5120 S. Julian Drive, Suite 110,

Tucson, AZ 85706 
	 	 	 
	 	SILVER BULLET TECHNOLOGY, INC.
	 	 	 
	 	By:	/s/ Dustin McIntire
	 	 	Name: Dustin McIntire
	 	 	Title: President
	 	 	Address: 5000 Quorum Drive, Suite 400,

Dallas, TX 75254  
	 	 	 
	 	SILVER BULLET TECHNOLOGY, LLC
	 	 	 
	 	By:	/s/ Dustin McIntire
	 	 	Name: Dustin McIntire
	 	 	Title: Manager
	 	 	Address: 5000 Quorum Drive, Suite 400,

Dallas, TX 75254
	 	 	 
	 	SKYLINE PARTNERS TECHNOLOGY, LLC
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Manager
	 	 	Address:  5120 S. Julian Drive, Suite 110,

Tucson, AZ 85706 
	 	 	 
	 	SKY SOVEREIGN, INC.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: President
	 	 	Address: 5000 Quorum Drive, Suite 400,

Dallas, TX 75254
	 	 	 
	 	SKY SAPIENCE LTD.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Secretary
	 	 	Address:  Yokneam
    Hi-Tech Park POB 170,
	 	 	Yokneam, Israel

 

     

     

    

 

	 	LIGHTER THAN AIR SYSTEMS, CORP.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Secretary
	 	 	Address:  5120 S. Julian Drive, Suite 110,

Tucson, AZ 85706 
	 	 	 
	 	VEO PHOTONICS, INC.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: CEO
	 	 	Address: 10509 Vista Sorrento Pkwy, Suite 120, San Diego, CA 92121 
	 	 	 
	 	VIRTUAL NETCOM, LLC
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Manager
	 	 	Address:  5180 Parkstone Drive, Suite 170,

Chantilly, Virginia 20151
	 	 	 
	 	SOVEREIGN PLASTICS, LLC
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Manager
	 	 	Address: 880A Elton Drive, Colorado Springs, CO 80907  
	 	 	 
	 	SPRING CREEK MANUFACTURING, INC.
	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: Daniel L. Hodges
	 	 	Title: Secretary
	 	 	Address: 880A Elton Drive, Colorado Springs, CO 80907Exhibit
10.6

 

SECURITY
AGREEMENT

 

SECURITY
AGREEMENT (this “Agreement”), dated as of May 27, 2021, by and among AZCOMS, LLC, a Arizona limited liability
company (“Azcoms”), DRONE AFS CORP., a Nevada corporation (“Drone”), LEXTRUM, INC., a
California corporation (“Lextrum”), DRAGONWAVE-X, LLC, an Arizona limited liability company (“Dragonwave-X”),
DRAGONWAVE CORP., a Delaware corporation (“Dragonwave Corp.”), DRAGONWAVE-X CANADA, INC., a Canada corporation
(“Dragonwave Canada”), RVISION, INC., a Nevada corporation (“RVision”), INDURAPOWER, INC.,
a Delaware corporation (“InduraPower”), ELITISE, LLC, an Arizona limited liability company (“Elitise”),
SOVEREIGN ENGINEERING, LLC, an Arizona limited liability company (“Sovereign Engineering”), SILVER BULLET
TECHNOLOGY, INC., a Delaware corporation (“Silver Bullet”), SILVER BULLET TECHNOLOGY, LLC, a Delaware limited
liability company (“Silver Bullet LLC”), SKYLINE PARTNERS TECHNOLOGY, LLC, a Delaware limited liability company
(“Skyline”), SKY SOVEREIGN, INC., a Nevada corporation (“Sky Soverign”), SKY SAPIENCE LTD,
a corporation organized under the laws of Isreal (“Sky Sapience”), SOVEREIGN PLASTICS, LLC, a Colorado limited
liability company (“Sovereign Plastics”), SPRING CREEK MANUFACTURING, INC., a Colorado corporation (“Spring
Creek”),VEO PHOTONICS, INC., a California corporation (“VEO”), VIRTUAL NETCOM, LLC, a Virginia
limited liability company (“Virtual NetCom” and, collectively with Azcoms, Drone, Lextrum, Dragonwave-X, Dragonwave
Corp., Dragonwave Canada, RVision, InduraPower, Elitise, Sovereign Engineering, Silver Bullet, Silver Bullet LLC, Skyline, Sky Sovereign,
Sky Sapience, Sovereign Plastics, Spring Creek and VEO, the “Companies” and each individually, a “Company”)
and LIND GLOBAL ASSET MANAGEMENT IV, LLC (the “Secured Party”).

 

WHEREAS,
the Companies have executed and delivered to the Secured Party that certain Guaranty dated as of the date hereof (as amended and in effect
from time to time, the “Guaranty”) pursuant to which the Companies have jointly and severally guaranteed all of the
obligations of COMSovereign Holding Corp., a Nevada corporation (the “Parent”) owing to the Secured Party pursuant to
the SPA, the Note and the Security Agreement (as each such term is defined in the Guaranty); and

 

WHEREAS,
it is a condition precedent to the Secured Party agreeing to make loans or otherwise extend credit to the Parent under the SPA and the
Note that the Companies execute and deliver to the Secured Party a security agreement in substantially the form hereof; and

 

WHEREAS,
each Company wishes to grant security interests in favor of the Secured Party as herein provided;

 

NOW,
THEREFORE, in consideration of the promises contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

     

     

    

 

1. Definitions.
All capitalized terms used herein without definitions shall have the respective meanings provided therefor in the SPA. All terms defined
in the Uniform Commercial Code of the State (as hereinafter defined) and used herein shall have the same definitions herein as specified
therein, however, if a term is defined in Article 9 of the Uniform Commercial Code of the State differently than in another Article of
the Uniform Commercial Code of the State, the term has the meaning specified in Article 9, and the following terms shall have the following
meanings:

 

“Event
of Default” means the occurrence of any “Event of Default” under and as defined in each of the SPA and the Note.

 

“Lien”
means any mortgage, charge, pledge, hypothecation, security interest, assignment by way of security, lien (statutory or otherwise), encumbrance,
conditional sale agreement, capital lease, financing lease, deposit arrangement, title retention agreement, and any other agreement,
trust or arrangement that in substance secures payment or performance of an obligation.

 

“Obligations”
means, collectively, (a) all debts, liabilities and obligations, present or future, direct or indirect, absolute or contingent, matured
or unmatured, at any time or from time to time due or accruing due and owing by or otherwise payable by the Parent or any Company to
the Secured Party in any currency, under, in connection with or pursuant to the Guaranty or any other Transaction Document (including,
without limitation, this Agreement), and whether incurred by the Parent, any Company alone or jointly with another or others and whether
as principal, guarantor or surety and in whatever name or style and (b) all expenses, costs and charges incurred by or on behalf of the
Secured Party in connection with the Guaranty and any other Transaction Document (including this Agreement) or the Collateral, including
all legal fees, court costs, receiver’s or agent’s remuneration and other expenses of taking possession of, repairing, protecting,
insuring, preparing for disposition, realizing, collecting, selling, transferring, delivering or obtaining payment for the Collateral,
and of taking, defending or participating in any action or proceeding in connection with any of the foregoing matters or otherwise in
connection with the Secured Party’s interest in any Collateral, whether or not directly relating to the enforcement of this Agreement
or any other Transaction Document.

 

“Permitted
Lien” means, with respect to any Company, any of the following: (a) mechanics and materialman Liens and other statutory Liens
(including Liens for taxes, fees, assessments and other governmental charges or levies) in respect of any amount (i) which is not at
the time overdue or (ii) which may be overdue but the validity of which is being contested at the time in good faith by appropriate proceedings
and for which such Company has maintained adequate reserves, in each case so long as the holder of such Lien has not taken any action
to foreclose or otherwise exercise any remedies with respect to such Lien; (b) with respect to Dragonwave-X, those Liens on its assets
to secure Indebtedness owing in the original principal amount of $2,000,000 to Eudora Partners LLC (as more fully described in Schedule
3.12 to the SPA); (c) with respect to Azcoms, those Liens on its assets to secure Indebtedness owing to Terracotta Credit REIT, LLC in
the original principal amount of $5,355,000 (as more fully described in Schedule 3.12 to the SPA); and (d) Liens which are permitted
in writing by the Secured Party in its sole and absolute discretion.

 

“State”
means the State of New York.

 

    2

     

    

 

2. Grant
of Security Interest.

 

2.1. Grant;
Collateral Description. Each Company hereby grants to the Secured Party, to secure the payment and performance in full of all
of the Obligations, a security interest in and pledges and assigns to the Secured Party the following properties, assets and rights of
such Company, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof (all of the
same being hereinafter called the “Collateral”): all personal and fixture property of every kind and nature including
all goods (including inventory, equipment and any accessions thereto), instruments (including promissory notes), documents (whether tangible
or electronic), accounts (including health-care-insurance receivables), chattel paper (whether tangible or electronic), deposit accounts,
letter-of-credit rights (whether or not the letter of credit is evidenced by a writing), commercial tort claims, securities and all other
investment property, supporting obligations, any other contract rights or rights to the payment of money, insurance claims and proceeds,
and all general intangibles (including all payment intangibles). 

 

2.2. Excluded
Collateral. The grant of the security interest contained in §2.1 shall not extend to, and the term “Collateral”
shall not include, any investment property consisting of the equity interests of any Subsidiary of any Company (any investment property
consisting of the equity interests of any Subsidiary is hereinafter referred to as the “Excluded Assets”), provided
that the grant of the security interest contained in §2.1 shall include any and all proceeds thereof.

 

2.3. Commercial
Tort Claims. The Secured Party acknowledges that the attachment of its security interest in any commercial tort claim as original
collateral is subject to each Company’s compliance with §4.7.

 

3. Authorization
to File Financing Statements. Each Company hereby irrevocably authorizes
the Secured Party at any time and from time to time to file in any filing office in any Uniform Commercial Code jurisdiction any initial
financing statements and amendments thereto that (a) indicate the Collateral (i) as all assets of the Company or words of similar effect,
regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the Uniform Commercial
Code of the State or such jurisdiction, or (ii) as being of an equal or lesser scope or with greater detail, and (b) provide any other
information required by part 5 of Article 9 of the Uniform Commercial Code of the State or such other jurisdiction for the sufficiency
or filing office acceptance of any financing statement or amendment, including whether such Company is an organization, the type of organization
and any organizational identification number issued to such Company. Each Company agrees to furnish any such information to the Secured
Party promptly upon the Secured Party’s request. 

 

4. Other
Actions. Further to insure the attachment, perfection and first
priority of, and the ability of the Secured Party to enforce, the Secured Party’s security interest in the Collateral, each Company agrees,
in each case at such Company’s own expense, to take the following actions with respect to the following Collateral and without limitation
on such Company’s other obligations contained in this Agreement:

 

4.1. Promissory
Notes and Tangible Chattel Paper. If a Company shall, now or at any time hereafter, hold or acquire any promissory notes
or tangible chattel paper, such Company shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied by such
instruments of transfer or assignment duly executed in blank as the Secured Party may from time to time specify.

 

    3

     

    

 

4.2. Deposit
Accounts. For each deposit account that a Company, now or at any time hereafter, opens or maintains such Company shall, at the
Secured Party’s request and option, pursuant to an agreement in form and substance satisfactory to the Secured Party, cause the depositary
bank to agree to comply without further consent of such Company, at any time with instructions from the Secured Party to such depositary
bank directing the disposition of funds from time to time credited to such deposit account. The Secured Party agrees with each Company
that the Secured Party shall not give any such instructions or withhold any withdrawal rights from such Company, unless an Event of Default
has occurred and is continuing, or, if effect were given to any withdrawal not otherwise permitted by the Transaction Documents, would
occur. The provisions of this paragraph shall not apply to any deposit accounts specially and exclusively used for payroll, payroll taxes
and other employee wage and benefit payments to or for the benefit of a Company’s salaried employees.

 

4.3. Investment
Property. If a Company shall, now or at any time hereafter, hold or acquire any certificated securities (other than those
which constitute Excluded Assets, such Company shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied
by such instruments of transfer or assignment duly executed in blank as the Secured Party may from time to time specify. If any securities
now or hereafter acquired by a Company which constitute Collateral are uncertificated and are issued to such Company or its nominee directly
by the issuer thereof, such Company shall immediately notify the Secured Party thereof and, at the Secured Party’s request and option,
pursuant to an agreement in form and substance satisfactory to the Secured Party, cause the issuer to agree to comply without further
consent of such Company or such nominee, at any time with instructions from the Secured Party as to such securities. If any securities,
whether certificated or uncertificated, or other investment property now or hereafter acquired by a Company and which constitute Collateral
are held by such Company or its nominee through a securities intermediary or commodity intermediary, such Company shall immediately notify
the Secured Party thereof and, at the Secured Party’s request and option, pursuant to an agreement in form and substance satisfactory
to the Secured Party, cause such securities intermediary or (as the case may be) commodity intermediary to agree to comply, in each case
without further consent of such Company or such nominee, at any time with entitlement orders or other instructions from the Secured Party
to such securities intermediary as to such securities or other investment property, or (as the case may be) to apply any value distributed
on account of any commodity contract as directed by the Secured Party to such commodity intermediary. The Secured Party agrees with each
Company that the Secured Party shall not give any such entitlement orders or instructions or directions to any such issuer, securities
intermediary or commodity intermediary, and shall not withhold its consent to the exercise of any withdrawal or dealing rights by such
Company, unless an Event of Default has occurred and is continuing, or, after giving effect to any such investment and withdrawal rights
not otherwise permitted by the Transaction Documents, would occur. The provisions of this paragraph shall not apply to any financial
assets credited to a securities account for which the Secured Party is the securities intermediary.

 

4.4. Collateral
in the Possession of a Bailee. If any goods are at an time in the possession of a bailee, a Company shall promptly notify
the Secured Party thereof and, if requested by the Secured Party, shall promptly obtain an acknowledgement from the bailee, in form and
substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act
upon the instructions of the Secured Party, without the further consent of such Company.

 

    4

     

    

 

4.5. Electronic
Chattel Paper, Electronic Documents and Transferable Records. If a Company, now or at any time hereafter, holds or acquires an
interest in any Collateral that is electronic chattel paper, any electronic document or any “transferable record,” as that
term is defined in Section 201 of the federal Electronic Signatures in Global and National Commerce Act, or in §16 of the Uniform
Electronic Transactions Act as in effect in any relevant jurisdiction, such Company shall promptly notify the Secured Party thereof and,
at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured
Party control, under §9-105 of the Uniform Commercial Code of the State or any other relevant jurisdiction, of such electronic chattel
paper, control, under §7-106 of the Uniform Commercial Code of the State or any other relevant jurisdiction, of such electronic
document or control, under Section 201 of the federal Electronic Signatures in Global and National Commerce Act or, as the case may be,
§16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Secured Party
agrees with each Company that the Secured Party will arrange, pursuant to procedures satisfactory to the Secured Party and so long as
such procedures will not result in the Secured Party’s loss of control, for such Company to make alterations to the electronic chattel
paper, electronic document or transferable record permitted under UCC §9-105, UCC §7-106, or, as the case may be, Section 201
of the federal Electronic Signatures in Global and National Commerce Act or §16 of the Uniform Electronic Transactions Act for a
party in control to make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking
into account any action by such Company with respect to such electronic chattel paper, electronic document or transferable record. The
provisions of this §4.5 relating to electronic documents and “control” under UCC §7-106 apply in the event that the
2003 revisions to Article 7, with amendments to Article 9, of the Uniform Commercial Code, in substantially the form approved by the
American Law Institute and the National Conference of Commissioners on Uniform State Laws, are now or hereafter adopted and become effective
in the State or in any other relevant jurisdiction.

 

4.6. Letter-of-Credit
Rights. If a Company is at any time a beneficiary under a letter of credit now or hereafter issued in favor of such Company,
such Company shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, such Company shall,
pursuant to an agreement in form and substance satisfactory to the Secured Party, either (a) arrange for the issuer and any confirmer
of such letter of credit to consent to an assignment to the Secured Party of the proceeds of the letter of credit or (b) arrange for
the Secured Party to become the transferee beneficiary of the letter of credit.

 

    5

     

    

 

4.7. Commercial
Tort Claims. If a Company shall at any time hold or acquire a commercial tort claim, such Company shall immediately notify
the Secured Party in a writing signed by such Company of the particulars thereof and grant to the Secured Party in such writing a security
interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory
to the Secured Party.

 

4.8. Other
Actions as to any and all Collateral. Each Company further agrees to take any and all other actions reasonably requested in writing
by the Secured Party to ensure the attachment, perfection and first priority of, and the ability of the Secured Party to enforce, the
Secured Party’s security interest in any and all of the Collateral, including (a) executing, delivering and, where appropriate, filing
financing statements and amendments relating thereto under the Uniform Commercial Code of any relevant jurisdiction, to the extent, if
any, that such Company’s signature thereon is required therefor, (b) causing the Secured Party’s name to be noted as secured party on
any certificate of title for a titled good if such notation is a condition to attachment, perfection or priority of, or ability of the
Secured Party to enforce, the Secured Party’s security interest in such Collateral, (c) complying with any provision of any statute,
regulation or treaty of the United States as to any Collateral if compliance with such provision is a condition to attachment, perfection
or priority of, or ability of the Secured Party to enforce, the Secured Party’s security interest in such Collateral, (d) obtaining governmental
and other third party waivers, consents and approvals, in form and substance satisfactory to the Secured Party, including any consent
of any licensor, lessor or other person obligated on Collateral, (e) obtaining waivers from mortgagees and landlords in form and substance
satisfactory to the Secured Party and (f) taking all actions under any earlier versions of the Uniform Commercial Code or under any other
law, as reasonably determined by the Secured Party to be applicable in any relevant Uniform Commercial Code or other jurisdiction, including
any foreign jurisdiction.

 

4.9. Patent
and Trademark Assignments. Concurrently herewith (to the extent of any federally registered patents and/or trademarks owned by
a Company on the date hereof) or, in the case of federally registered patents and/or trademarks acquired after the date hereof, promptly
upon such Company becoming the owner thereof, such Company is executing and delivering to the Secured Party or will execute and deliver
to the Secured Party, as the case may be, the Patent Assignment and the Trademark Assignment pursuant to which such Company is collaterally
assigning to the Secured Party certain Collateral consisting of patents and patent rights and trademarks, service marks and trademark
and service mark rights, together with the goodwill appurtenant thereto. The provisions of the Patent Assignment and the Trademark Assignment
are supplemental to the provisions of this Agreement, and nothing contained in the Patent Assignment or the Trademark Assignment shall
derogate from any of the rights or remedies of the Secured Party hereunder. Nor shall anything contained in the Patent Assignment or
the Trademark Assignment be deemed to prevent or extend the time of attachment or perfection of any security interest in such Collateral
created hereby.

 

    6

     

    

 

5. Representations
and Warranties Concerning a Company’s Legal Status. The Parent
has, on the date hereof, delivered to the Secured Party a certificate signed by the Parent and entitled “Perfection Certificate”
(the “Perfection Certificate”) which includes information as to each Company. Each Company represents and warrants to
the Secured Party as follows: as of the date hereof (a) such Company’s exact legal name is that indicated on the Perfection Certificate
and on the signature page hereof, (b) such Company is an organization of the type, and is organized in the jurisdiction, set forth in
the Perfection Certificate, (c) the Perfection Certificate accurately sets forth such Company’s organizational identification number
or accurately states that such Company has none, (d) the Perfection Certificate accurately sets forth such Company’s place of business
or, if more than one, its chief executive office, as well as such Company’s mailing address, if different, (e) all other information
set forth on the Perfection Certificate pertaining to such Company is accurate and complete, and (f) there has been no change in any
of such information since the date on which the Perfection Certificate was signed by such Company.

 

6. Covenants
Concerning Company’s Legal Status. Each Company covenants with
the Secured Party as follows: (a) without providing at least thirty (30) days prior written notice to the Secured Party, such Company
will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational
identification number if it has one, (b) if such Company does not have an organizational identification number and later obtains one,
such Company will forthwith notify the Secured Party of such organizational identification number, and (c) such Company will not change
its type of organization, jurisdiction of organization or other legal structure.

 

7. Representations
and Warranties Concerning Collateral, Etc. Each Company further
represents and warrants to the Secured Party as follows: (a) such Company is the owner of or has other rights in or power to transfer
the Collateral, free from any right or claim of any person or any adverse lien, except for the security interest created by this Agreement
and the Permitted Liens, (b) none of the account debtors or other persons obligated on any of the Collateral is a governmental authority
covered by the Federal Assignment of Claims Act or like federal, state or local statute or rule in respect of such Collateral, (c) such
Company holds no commercial tort claim except as indicated on such Company’s Perfection Certificate, (d) all other information set forth
on the Perfection Certificate pertaining to the Collateral is accurate and complete in all material respects, (e) such Company has at
all times operated its business in compliance in all material respects with all applicable provisions of the federal Fair Labor Standards
Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment,
storage or disposal of hazardous materials or substances and (f) there has been no change in any of such information since the date on
which the Perfection Certificate was signed by the Parent.

 

    7

     

    

 

8. Covenants
Concerning Collateral, Etc. Each Company further covenants with
the Secured Party as follows: (a) other than inventory sold in the ordinary course of business consistent with past practices, the Collateral,
to the extent not delivered to the Secured Party pursuant to §4, will be kept at those locations listed on the Perfection Certificate
and such Company will not remove the Collateral from such locations, without providing at least thirty (30) days prior written notice
to the Secured Party, (b) except for the security interest herein granted, such Company shall be the owner of or have other rights in
the Collateral free from any right or claim of any other person or any Lien (other than Permitted Liens), and such Company shall defend
the same against all claims and demands of all persons at any time claiming the same or any interests therein adverse to the Secured
Party, (c) other than in favor of the Secured Party, such Company shall not pledge, mortgage or create, or suffer to exist any right
of any person in or claim by any person to the Collateral, or any Lien in the Collateral in favor of any person, or become bound (as
provided in Section 9-203(d) of the Uniform Commercial Code of the State or any other relevant jurisdiction or otherwise) by a security
agreement in favor of any person as secured party, (d) such Company will permit the Secured Party, or its designee, to inspect the Collateral
at any reasonable time, wherever located, (e) such Company will pay promptly when due all taxes, assessments, governmental charges and
levies upon the Collateral or incurred in connection with the use or operation of the Collateral or incurred in connection with this
Agreement, and (f) such Company will not sell or otherwise dispose, or offer to sell or otherwise dispose, of the Collateral, or any
interest therein except for dispositions of obsolete or worn-out property, the granting of non-exclusive licenses in the ordinary course
of business, and the sale of inventory in the ordinary course of business consistent with past practices.

 

9. Collateral
Protection Expenses; Preservation of Collateral.

 

9.1. Expenses
Incurred by Secured Party. In the Secured Party’s discretion, the Secured Party may discharge taxes and other encumbrances at
any time levied or placed on any of the Collateral, and pay any necessary filing fees or insurance premiums, in each case if such Company
fails to do so. Each Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have
no obligation to a Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any default
or Event of Default.

 

9.2. Secured
Party’s Obligations and Duties. Anything herein to the contrary notwithstanding, each Company shall remain obligated and liable
under each contract or agreement comprised in the Collateral to be observed or performed by such Company thereunder. The Secured Party
shall not have any obligation or liability under any such contract or agreement by reason of or arising out of this Agreement or the
receipt by the Secured Party of any payment relating to any of the Collateral, nor shall the Secured Party be obligated in any manner
to perform any of the obligations of a Company under or pursuant to any such contract or agreement, to make inquiry as to the nature
or sufficiency of any payment received by the Secured Party in respect of the Collateral or as to the sufficiency of any performance
by any party under any such contract or agreement, to present or file any claim, to take any action to enforce any performance or to
collect the payment of any amounts which may have been assigned to the Secured Party or to which the Secured Party may be entitled at
any time or times. The Secured Party’s sole duty with respect to the custody, safe keeping and physical preservation of the Collateral
in its possession, under §9-207 of the Uniform Commercial Code of the State or otherwise, shall be to deal with such Collateral
in the same manner as the Secured Party deals with similar property for its own account, but with no duty to preserve rights against
prior parties.

 

    8

     

    

 

10. Securities
and Deposits. The Secured Party may at any time following and during
the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting
Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any
Obligations are due, the Secured Party may, following and during the continuance of an Event of Default demand, sue for, collect, or
make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or
any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to a Company
may at any time be applied to or set off against any of the Obligations then due and owing.

 

11. Notification
to Account Debtors and Other Persons Obligated on Collateral. If
an Event of Default shall have occurred and be continuing:

 

(a)
each Company shall, at the request and option of the Secured Party, notify account debtors and other persons obligated on any of the
Collateral of the security interest of the Secured Party in any account, chattel paper, general intangible, instrument or other Collateral
and that payment thereof is to be made directly to the Secured Party or to any financial institution designated by the Secured Party
as the Secured Party’s agent therefor;

 

(b)
the Secured Party may itself, without notice to or demand upon such Company, so notify account debtors and other persons obligated on
Collateral;

 

(c)
after the making of such a request or the giving of any such notification, such Company shall hold any proceeds of collection of accounts,
chattel paper, general intangibles, instruments and other Collateral received by such Company as trustee for the Secured Party, for the
benefit of the Secured Party, without commingling the same with other funds of such Company and shall turn the same over to the Secured
Party in the identical form received, together with any necessary endorsements or assignments; and

 

(d) the
Secured Party shall apply the proceeds of collection of accounts, chattel paper, general intangibles, instruments and other Collateral
and received by the Secured Party to the payment of the Obligations, such proceeds to be immediately credited after final payment in
cash or other immediately available funds of the items giving rise to them.

 

    9

     

    

 

12. Power
of Attorney.

 

12.1. Appointment
and Powers of Secured Party. Each Company hereby irrevocably constitutes and appoints the Secured Party and any officer or agent
thereof, with full power of substitution, as its true and lawful attorneys-in-fact with full irrevocable power and authority in the place
and stead of such Company or in the Secured Party’s own name, for the purpose of carrying out the terms of this Agreement, to take any
and all appropriate action and to execute any and all documents and instruments that may be necessary or useful to accomplish the purposes
of this Agreement and, without limiting the generality of the foregoing, hereby gives said attorneys the power and right, on behalf of
such Company, without notice to or assent by such Company, to do the following:

 

(a) upon
the occurrence and during the continuance of an Event of Default, generally to sell, transfer, pledge, make any agreement with respect
to or otherwise dispose of or deal with any of the Collateral in such manner as is consistent with the Uniform Commercial Code of the
State or any other relevant jurisdiction and as fully and completely as though the Secured Party were the absolute owner thereof for
all purposes, and to do, at such Company’s expense, at any time, or from time to time, all acts and things which the Secured Party deems
necessary or useful to protect, preserve or realize upon the Collateral and the Secured Party’s security interest therein, in order to
effect the intent of this Agreement, all no less fully and effectively as such Company might do, including (i) upon written notice to
such Company, the exercise of voting rights with respect to voting securities, which rights may be exercised, if the Secured Party so
elects, with a view to causing the liquidation of assets of the issuer of any such securities and (ii) the execution, delivery and recording,
in connection with any sale or other disposition of any Collateral, of the endorsements, assignments or other instruments of conveyance
or transfer with respect to such Collateral; and

 

(b) to
the extent that such Company’s authorization given in §3 is not sufficient, to file such financing statements with respect hereto,
with or without such Company’s signature, or a photocopy of this Agreement in substitution for a financing statement, as the Secured
Party may deem appropriate and to execute in such Company’s name such financing statements and amendments thereto and continuation statements
which may require such Company’s signature.

 

12.2. Ratification
by Company. To the extent permitted by law, each Company hereby ratifies all that said attorneys shall lawfully do or cause to
be done by virtue hereof. This power of attorney is a power coupled with an interest and is irrevocable.

 

12.3. No
Duty on Secured Party. The powers conferred on the Secured Party hereunder are solely to protect the interests of the Secured
Party in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be
accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its
officers, directors, employees or agents shall be responsible to any Company for any act or failure to act, except for the Secured Party’s
own gross negligence or willful misconduct.

 

    10

     

    

 

13. Rights
and Remedies. If an Event of Default shall have occurred and be
continuing, the Secured Party, without any other notice to or demand upon a Company, shall have in any jurisdiction in which enforcement
hereof is sought, in addition to all other rights and remedies, the rights and remedies of a secured party under the Uniform Commercial
Code of the State or any other relevant jurisdiction and any additional rights and remedies as may be provided to a secured party in
any jurisdiction in which Collateral is located, including the right to take possession of the Collateral, and for that purpose the Secured
Party may, so far as such Company can give authority therefor, enter upon any premises on which the Collateral may be situated and remove
the same therefrom. The Secured Party may in its discretion require such Company to assemble all or any part of the Collateral at such
location or locations within the jurisdiction(s) of such Company’s principal office(s) or at such other locations as the Secured Party
may reasonably designate. Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold
on a recognized market, the Secured Party shall give to such Company at least ten (10) Business Days prior written notice of the time
and place of any public sale of Collateral or of the time after which any private sale or any other intended disposition is to be made.
Each Company hereby acknowledges that ten (10) Business Days prior written notice of such sale or sales shall be reasonable notice. In
addition, each Company waives any and all rights that it may have to a judicial hearing in advance of the enforcement of any of the Secured
Party’s rights and remedies hereunder, including its right following an Event of Default to take immediate possession of the Collateral
and to exercise its rights and remedies with respect thereto.

 

14. Standards
for Exercising Rights and Remedies. To the extent that applicable
law imposes duties on the Secured Party to exercise remedies in a commercially reasonable manner, each Company acknowledges and agrees
that it is not commercially unreasonable for the Secured Party (a) to fail to incur expenses reasonably deemed significant by the Secured
Party to prepare Collateral for disposition or otherwise to fail to complete raw material or work in process into finished goods or other
finished products for disposition, (b) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain
or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral
to be collected or disposed of, (c) to fail to exercise collection remedies against account debtors or other persons obligated on Collateral
or to fail to remove Liens on or any adverse claims against Collateral, (d) to exercise collection remedies against account debtors and
other persons obligated on the Collateral directly or through the use of collection agencies and other collection specialists, (e) to
advertise dispositions of the Collateral through publications or media of general circulation, whether or not the Collateral is of a
specialized nature, (f) to contact other persons, whether or not in the same business as such Company, for expressions of interest in
acquiring all or any portion of the Collateral, (g) to hire one or more professional auctioneers to assist in the disposition of the
Collateral, whether or not the collateral is of a specialized nature, (h) to dispose of the Collateral by utilizing Internet sites that
provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that
match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim disposition warranties,
(k) to purchase insurance or credit enhancements to insure the Secured Party against risks of loss, collection or disposition of the
Collateral or to provide to the Secured Party a guaranteed return from the collection or disposition of such Collateral, or (l) to the
extent deemed appropriate by the Secured Party, to obtain the services of brokers, investment bankers, consultants and other professionals
to assist the Secured Party in the collection or disposition of any of the Collateral. Each Company acknowledges that the purpose of
this §14 is to provide non-exhaustive indications of what actions or omissions by the Secured Party would fulfill the Secured Party’s
duties under the Uniform Commercial Code of the State or any other relevant jurisdiction in the Secured Party’s exercise of remedies
against the Collateral and that other actions or omissions by the Secured Party shall not be deemed to fail to fulfill such duties solely
on account of not being indicated in this §14. Without limitation upon the foregoing, nothing contained in this §14 shall be
construed to grant any rights to any Company or to impose any duties on the Secured Party that would not have been granted or imposed
by this Agreement or by applicable law in the absence of this §14. 

 

    11

     

    

 

15. No
Waiver by Secured Party, etc. The Secured Party shall not be deemed
to have waived any of its rights and remedies in respect of the Obligations or the Collateral unless such waiver shall be in writing
and signed by the Secured Party. No delay or omission on the part of the Secured Party in exercising any right or remedy shall operate
as a waiver of such right or remedy or any other right or remedy. A waiver on any one occasion shall not be construed as a bar to or
waiver of any right or remedy on any future occasion. All rights and remedies of the Secured Party with respect to the Obligations or
the Collateral, whether evidenced hereby or by any other instrument or papers, shall be cumulative and may be exercised singularly, alternatively,
successively or concurrently at such time or at such times as the Secured Party deems expedient.

 

16. Suretyship
Waivers by Company. Each Company waives demand, notice, protest,
notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received or delivered or other action taken
in reliance hereon and all other demands and notices of any description. With respect to both the Obligations and the Collateral, each
Company assents to any extension or postponement of the time of payment or any other indulgence, to any substitution, exchange or release
of or failure to perfect any security interest in any such Collateral, to the addition or release of any party or person primarily or
secondarily liable, to the acceptance of partial payment thereon and the settlement, compromising or adjusting of any thereof, all in
such manner and at such time or times as the Secured Party may deem advisable. The Secured Party shall have no duty as to the collection
or protection of the Collateral or any income therefrom, the preservation of rights against prior parties, or the preservation of any
rights pertaining thereto beyond the safe custody thereof as set forth in §9.2. Each Company further waives any and all other suretyship
defenses.

 

17. Marshaling.
The Secured Party shall not be required to marshal any present or future collateral security (including but not limited to the Collateral)
for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security or other assurances of
payment in any particular order, and all of the rights and remedies of the Secured Party hereunder and of the Secured Party in respect
of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however
existing or arising. To the extent that it lawfully may, each Company hereby agrees that it will not invoke any law relating to the marshaling
of collateral which might cause delay in or impede the enforcement of the Secured Party’s rights and remedies under this Agreement or
under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which
any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, such Company hereby
irrevocably waives the benefits of all such laws.

 

    12

     

    

 

18. Proceeds
of Dispositions; Expenses. Each Company shall pay to the Secured
Party on demand any and all expenses, including attorneys’ fees and disbursements, incurred or paid by the Secured Party in protecting
or preserving the Secured Party’s rights and remedies under or in respect of any of the Obligations or any of the Collateral and any
such expenses incurred in releasing any security interest granted hereunder and, in addition, such Company shall pay to the Secured Party
on demand any and all expenses, including attorneys’ fees and disbursements, incurred or paid by the Secured Party in enforcing the Secured
Party’s rights and remedies under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses,
the residue of any proceeds of collection or sale or other disposition of Collateral shall, to the extent actually received in cash,
be applied to the payment of the Obligations in such order or preference as is provided in the SPA, proper allowance and provision being
made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any
payments required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial Code of the State, any excess shall be returned
to such Company. In the absence of final payment and satisfaction in full of all of the Obligations, such Company shall remain liable
for any deficiency.

 

19. Overdue
Amounts. Until paid, all amounts due and payable by a Company hereunder
shall be a debt secured by the Collateral.

 

20. Governing
Law; Consent to Jurisdiction. This
Agreement IS A contract UNDER the laws of the state of NEW YORK and shall for all purposes be construed in accordance with and governed
by the laws of SAID state of NEW YORK. EACH Company and THE SECURED PARTY EACH agree that any suit for the enforcement of this agreement
or any other action brought by SUCH PERSON arising hereunder or in any way related to this agreement SHALL BE BROUGHT IN
THE COURTS OF THE STATE OF NEW YORK IN THE BOROUGH OF MANHATTAN OR ANY FEDERAL COURT SITTING THEREIN AND CONSENTS TO THE NONEXCLUSIVE
JURISDICTION OF SUCH COURT AND SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE UPON SUCH PERSON BY MAIL AT THE ADDRESS SPECIFIED ON THE
SIGNATURE PAGE OF EACH PARTY HERETO. EACH Company hereby waives any objection that it may now
or hereafter have to the venue of any suit BROUGHT IN the state of new york or any court SITTING THEREIN or that A suit BROUGHT THEREIN
is brought in an inconvenient court.

 

    13

     

    

 

21. Waiver
of Jury Trial. EACH COMPANY AND THE SECURED PARTY WAIVES ITS RIGHT
TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT, ANY RIGHTS OR OBLIGATIONS
HEREUNDER OR THE PERFORMANCE OR ENFORCEMENT OF ANY SUCH RIGHTS OR OBLIGATIONS. Except as prohibited by law, each Company waives any right
which it may have to claim or recover in any litigation referred to in the preceding sentence any special, exemplary, punitive or consequential
damages or any damages other than, or in addition to, actual damages. Each Company (a) certifies that neither the Secured Party nor any
representative, agent or attorney of the Secured Party has represented, expressly or otherwise, that the Secured Party would not, in
the event of litigation, seek to enforce the foregoing waivers or other waivers contained in this Agreement and (b) acknowledges that,
in entering into this Agreement and any other Transaction Document to which the Secured Party is a party, the Secured Party is relying
upon, among other things, the waivers and certifications contained in this §21.

 

22. Notices.
All notices, requests and other communications hereunder shall be made in the manner set forth in the SPA.

 

23. Miscellaneous.
The headings of each section of this Agreement are for convenience only and shall not define or limit the provisions thereof. This Agreement
and all rights and obligations hereunder shall be binding upon each Company and its successors and assigns, and shall inure to the benefit
of the Secured Party and its successors and assigns. If any term of this Agreement shall be held to be invalid, illegal or unenforceable,
the validity of all other terms hereof shall in no way be affected thereby, and this Agreement shall be construed and be enforceable
as if such invalid, illegal or unenforceable term had not been included herein. Each Company acknowledges receipt of a copy of this Agreement.

 

[Signature
pages to follow]

 

    14

     

    

 

IN
WITNESS WHEREOF, intending to be legally bound, the Company has caused this Agreement to be duly executed as of the date first above
written.

 

	 	AZCOMS, LLC
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: 	Daniel L. Hodges
	 	 	Title:	Manager
	 	 	 	 
	 	DRONE AFS CORP.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title:	President
	 	 	 	 
	 	LEXTRUM, INC.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title:	Secretary & CFO
	 	 	 	 
	 	DRAGONWAVE-X, LLC
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title:	Manager
	 	 	 	 
	 	DRAGONWAVE CORP.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title:	Secretary
	 	 	 	 
	 	DRAGONWAVE-X CANADA, INC.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title:	President

 

     

     

    

 

	 	RVISION, INC.
	 	  	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: 	Daniel L. Hodges
	 	 	Title: 	Secretary
	 	 	 	 
	 	INDURAPOWER, INC.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title:	Secretary
	 	 	 	 
	 	ELITISE, LLC
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title: 	Manager
	 	 	 	 
	 	SOVEREIGN ENGINEERING, LLC
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title: 	Manager
	 	 	 	 
	 	SILVER BULLET TECHNOLOGY, INC.
	 	 	 	 
	 	By:	/s/ Dustin McIntire
	 	 	Name:	Dustin McIntire
	 	 	Title: 	President
	 	 	 	 
	 	SILVER BULLET TECHNOLOGY, LLC
	 	 	 	 
	 	By:	/s/ Dusting McIntire
	 	 	Name:	Dustin McIntire
	 	 	Title: 	Manager

 

     

     

    

 

	 	SKYLINE PARTNERS TECHNOLOGY, LLC
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name: 	Daniel L. Hodges
	 	 	Title: 	Manager
	 	 	 	 
	 	SKY SOVEREIGN, INC.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title: 	President
	 	 	 	 
	 	SKY SAPIENCE
LTD.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title: 	Secretary
	 	 	 	 
	 	SOVEREIGN PLASTICS, LLC
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title: 	Manager
	 	 	 	 
	 	SPRING CREEK MANUFACTURING, INC.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title: 	Secretary
	 	 	 	 
	 	VEO PHOTONICS, INC.
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title:	CEO
	 	 	 	 
	 	VIRTUAL NETCOM, LLC
	 	 	 	 
	 	By:	/s/ Daniel L. Hodges
	 	 	Name:	Daniel L. Hodges
	 	 	Title: 	Manager

 

     

     

    

 

Accepted:

 

	LIND GLOBAL ASSET MANAGEMENT IV, LLC 	 
	 	 	 
	By: 	/s/ Jeff Easton	 
	 	Title: Jeff Easton, Managing Member	 

 

     

     

    

 

CERTIFICATE
OF ACKNOWLEDGMENT

 

STATE
OF ARIZONA )

) ss.

COUNTY
OF PIMA )

 

Before
me, the undersigned, a Notary Public in and for the county aforesaid, on this 27th day of May, 2021, personally appeared Daniel L. Hodges
to me known personally, and who, being by me duly sworn, deposes and says that he/she is the authorized officer of each of AZCOMS,
LLC, DRONE AFS CORP., LEXTRUM, INC., DRAGONWAVE-X, LLC, DRAGONWAVE CORP., DRAGONWAVE-X CANADA, INC.,
RVISION, INC., INDURAPOWER, INC., ELITISE, LLC, SOVEREIGN ENGINEERING, LLC, SKYLINE PARTNERS TECHNOLOGY,
LLC, SKY SOVEREIGN, INC., SKY SAPIENCE LTD, SOVEREIGN PLASTICS, LLC, SPRING CREEK MANUFACTURING, INC., VEO PHOTONICS,
INC., and VIRTUAL NETCOM, LLC, and that said instrument was signed and sealed on behalf of said corporation or limited liability
company, as applicable, by authority of its Board of Directors or analogous governing body, and said Daniel L. Hodges acknowledged said
instrument to be the free act and deed of said corporation or limited liability company, as applicable.

 

	 	/s/ Notary Public
	 	(official signature and seal of notary)
	 	 
	 	My commission expires: 03/25/24

 

     

     

    

 

CERTIFICATE
OF ACKNOWLEDGMENT

 

STATE
OF TEXAS )

)
ss.

COUNTY
OF DALLAS)

 

Before
me, the undersigned, a Notary Public in and for the county aforesaid, on this 27th day of May, 2021, personally appeared Dusting McIntire
to me known personally, and who, being by me duly sworn, deposes and says that he/she is the authorized officer of each of SILVER
BULLET TECHNOLOGY, INC. and SILVER BULLET TECHNOLOGY, LLC, and that said instrument was signed and sealed on behalf of said corporation
or limited liability company, as applicable, by authority of its Board of Directors or analogous governing body, and said Dusting McIntire
acknowledged said instrument to be the free act and deed of said corporation or limited liability company, as applicable.

 

	 	/s/ Notary Public
	 	(official signature and seal of notary)
	 	 
	 	My commission expires: 01/31/23

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