Attached files
| file | filename |
|---|---|
| 8-K - World Surveillance Group Inc. | v206653_8k.htm |
| EX-10.1 - World Surveillance Group Inc. | v206653_ex10-1.htm |
| EX-10.5 - World Surveillance Group Inc. | v206653_ex10-5.htm |
| EX-10.6 - World Surveillance Group Inc. | v206653_ex10-6.htm |
| EX-10.3 - World Surveillance Group Inc. | v206653_ex10-3.htm |
| EX-10.2 - World Surveillance Group Inc. | v206653_ex10-2.htm |
AGREEMENT
This
Agreement (the “Agreement”) between Glenn D. Estrella (“Estrella”) and Sanswire
Corp. (the “Company”) is effective on the date fully executed by both parties
("Effective Date"), and is entered into by and between Estrella, the Company’s
President and Chief Executive Officer with an address of 1608 Sheridan Drive,
Wall Township, NJ 07753 and the Company, a Delaware corporation with offices at
State Road 405, Building M6-306A, Room 1400, Kennedy Space Center, FL
32815.
WHEREAS,
pursuant to that certain Confidential Employment Agreement by and between
Estrella and the Company dated June 23, 2010 (the “Employment Agreement”), the
Company issued to Estrella 5,000,000 shares (the “Shares”) of its common stock,
par value $0.00001 per share (the “Common Stock).
WHEREAS,
Estrella and the Company now desire to rescind the issuance of the Shares as
more particularly set forth below:
NOW,
THEREFORE, in consideration of the mutual promises and consideration contained
herein, the parties agreed as follows:
1. Estrella
and the Company have mutually agreed to rescind the issuance of the Shares
whereby the Shares are hereby returned by Estrella to the Company for
cancellation and return to treasury, and hereafter all right, title and interest
of Estrella in the Shares is hereby terminated.
2. The
Employment Agreement will be amended and restated as of the date hereof as set
forth as Appendix A hereto.
3. This
Agreement embodies the entire agreement between Estrella and the Company with
respect to the matters set forth herein.
4. This
Agreement shall be construed and governed by the laws of the State of
Delaware.
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IN
WITNESS WHEREOF, Estrella and the Company have executed and delivered this
Agreement effective as of the Effective Date.
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SANSWIRE
CORP.
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By:
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Name:
Michael K. Clark
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Title:
Chairman of Board of Directors
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Date:
December 27, 2010
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Glenn
D. Estrella
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Date:
December 27,
2010
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APPENDIX
A
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