On November 14, 2019, Spectrum Global Solutions, Inc. (the "Company") and WaveTech GmbH ("WaveTech") entered into Amendment Number 1 (the "Amendment") to the Share Purchase Agreement (the "Purchase Agreement") entered into by the Company and WaveTech on July 15, 2019. Effective immediately upon the closing of the Transaction, the Board of Directors (the "Board") of the Company has appointed Silas Poel as the Chief Operating Officer of the Company. The Board also has agreed to appoint Dag Viland and Silas Poel as directors to fill vacancies on the Board, effective immediately upon the closing of the Transaction. Mr. Poel is COO of WaveTech. Mr. Poel's background is in taxation and business administration and he is a Certified IFRS Accountant. Mr. Valand is the CEO and co-founder of WaveTech. He established the company together with PhD Ove T. Aanensen in 2003 and has since then served as its CEO.