SEC Contract Filing

Filing Date: 2021-02-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea136121ex10-2_comsovereign.htm
<DESCRIPTION>SEVERANCE AGREEMENT AND GENERAL RELEASE DATED AS OF FEBRUARY 19, 2021 BETWEEN COMSOVEREIGN HOLDING CORP. AND BRIAN T. MIHELICH
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>SEVERANCE AGREEMENT AND GENERAL
RELEASE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS SEVERANCE AGREEMENT
AND GENERAL RELEASE </B>(the &ldquo;<U>Agreement</U>&rdquo;) dated as of the 19th day of February, 2021, is made between COMSovereign
Holding Corp., a Nevada corporation, (the &ldquo;<U>Company</U>&rdquo;) and Brian T. Mihelich (the &ldquo;<U>Employee</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Employee is currently employed by the Company pursuant to that certain Employment Agreement between Employee and the Company dated
as of December 2, 2019, which has a current term that expires on December 31, 2021 (the &ldquo;<U>Employment Agreement</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS, </B>Employee
and the Company have mutually agreed that Employee&rsquo;s employment and all positions, titles and offices with the Company and,
if and as applicable, any and all of its subsidiaries, affiliates and related entities shall separate effective as of the close
of business on the Separation Date (as defined in Section 2 below);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, conditioned
upon the timely execution of this Agreement and the other conditions set forth herein, the Company has offered the Employee certain
bonus payments and other benefits subject to and conditioned on the Employee&rsquo;s timely execution of, and compliance with,
this Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, voluntarily
and of his own free will, the Employee desires to accept and receive such severance payments and other benefits on the terms and
conditions herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the mutual promises and covenants contained herein, the Employee and the Company agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1. <U>Definitions</U></B>.
Any capitalized terms used shall have the meaning as provided in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2. <U>Separation
from Employment</U></B>. The Employee agrees and confirms that his employment and all of his positions, titles and offices with
the Company (and, if and as applicable, any and all of its subsidiaries, affiliates and related entities) shall end effective at
the close of business on March 5, 2021 (the &ldquo;<U>Separation Date</U>&rdquo;). The Employee agrees that the termination of his
employment as contemplated under this Agreement shall be treated as a voluntary resignation without Good Reason for all purposes
including, without limitation, for purposes of all compensation and benefits due and owing under the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.
<U>Employee&rsquo;s Position and Duties Through the Separation Date</U>. </B>Through the Separation Date, the Employee shall continue
to serve in his current capacity and in such other capacity or capacities as the Board shall reasonably delegate. Upon the commencement
of a new Chief Financial Officer (&ldquo;<U>CFO</U>&rdquo;), Employee shall relinquish the CFO title, and shall assist with the
smooth transition of the CFO duties to the CFO in an orderly manner. Employee&rsquo;s duties shall include diligently performing
any responsibilities required by the Company, including but not limited to those relating to cooperation with any internal investigation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4. <U>Base Salary
and Company-Sponsored Group Medical Coverage</U>.</B> Through the Separation Date, the Employee shall be paid his base salary at
an annualized rate of $150,000 less required withholdings (the &ldquo;<U>Base Salary</U>&rdquo;) and continue to be entitled to
Company-sponsored group medical coverage on the same terms he currently enjoys. On or before the Separ