Richard H. Deily: Mr. Richard H. Deily joined us in June 2005 as the Company�s Corporate Controller and was promoted in April 2006 as Senior Vice President and Chief Accounting Officer. Mr. Deily serves as the Company�s principal financial officer and principal accounting officer. Under the terms of his current employment arrangement, Mr. Deily receives a salary of $165,000 and can participate in Mobilepro�s bonus pool in an amount of up to 50% of his salary. In connection with his employment, he was awarded warrants to purchase 750,000 shares of Mobilepro�s common stock on June 20, 2005 at a price of $0.31 per share, vesting in equal installments on March 31, 2006, March 31, 2007 and March 31, 2008. In accordance with Mr. Deily assuming his new position as Senior Vice President and Chief Accounting Officer of Mobilepro, the Board of Directors granted Mr. Deily additional warrants to purchase 500,000 shares of Mobilepro common stock at an exercise price of $0.233 per share. The warrants vest ratably over two years commencing April 1, 2006. On March 20, 2007 the Board of Directors granted Mr. Deily options to purchase 1,300,000 shares of Mobilepro common stock at an exercise price of $0.036. The options vest in two equal installments on March 31, 2008 and March 31, 2009. |