EXECUTIVE EMPLOYMENT AGREEMENT
EXHIBIT 10.26 |
Confidential Treatment Requested |
EXECUTIVE EMPLOYMENT AGREEMENT
This Executive Employment Agreement (this “Agreement”) is made as of the 10th day of June, 2004 by and among Mobilepro Corp., a Delaware corporation (the “Company”), and Xxxxx X. Xxxxxxxxxx, a natural person, residing in Maryland (“Xx. Xxxxxxxxxx”).
WHEREAS, the Company wishes to employ Xx. Xxxxxxxxxx as its Group President of Telco Operations and Xx. Xxxxxxxxxx wishes to accept such employment;
WHEREAS, the Company and Xx. Xxxxxxxxxx wish to set forth the terms of Xx. Xxxxxxxxxx’x employment and certain additional agreements between Xx. Xxxxxxxxxx and the Company.
NOW, THEREFORE, in consideration of the foregoing recitals and the representations, covenants and terms contained herein, the parties hereto agree as follows:
1. | Employment Period |
The Company will employ Xx. Xxxxxxxxxx, and Xx. Xxxxxxxxxx will serve the Company, under the terms of this Agreement commencing June 10, 2004 (the “Commencement Date”) for a term of twenty-four (24) months unless earlier terminated under Section 4 hereof. The period of time between the commencement and the termination of Xx. Xxxxxxxxxx’x employment hereunder shall be referred to herein as the “Employment Period.”
2. | Duties and Status |
The Company hereby engages Xx. Xxxxxxxxxx as its Group President of Telco Operations on the terms and conditions set forth in this Agreement. During the term of the Employment Period, Xx. Xxxxxxxxxx shall report directly to the Chief Executive Officer of the Company and shall exercise such authority, perform such executive functions and discharge such responsibilities as are reasonably associated with Xx. Xxxxxxxxxx’x position, commensurate with the authority vested in Xx. Xxxxxxxxxx pursuant to this Agreement and consistent with the governing documents of the Company. These duties include, but are not limited to: (i) execution of the telco strategy, business plan and financial projections as developed and agreed to by the Company; (ii) assume responsibility for all the financial, accounting and related aspects of the telco division; (ii) managing the day to day operations and integration of the telco companies which the Company or its affiliates acquires; (iii) assisting the CEO in seeking and closing acquisitions for the Company to grow the Company’s revenues and earnings per share; (iv) identifying and recruiting additional personnel to build the Company, especially in the telco area; and (v) handling such other leadership, administrative and managerial roles as is customary and appropriate for a company’s Group President of
Telco Operations. For purposes of this Agreement, “Telco Operations” shall refer specifically to voice services including long distance and local. Xx. Xxxxxxxxxx understands that Xxxx Xxxxx is in charge of ISP Operations and that there is currently a vacancy for Web Hosting Operations. To the extent that technology such as VOIP creates convergence between ISP Operations and Telco Operations, Xx. Xxxxxxxxxx will work with the Company’s CEO and Xx. Xxxxx to best implement a VOIP strategy.
3. | Compensation
and Benefits |
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(a) | Salary. During
the Employment Period, the Company shall pay to Xx. Xxxxxxxxxx, as compensation
for the performance of his duties and obligations under this Agreement,
a base salary of Fifteen Thousand Dollars ($15,000) per month, payable
semi-monthly. In addition, beginning October 1, 2003, the Company shall
reimburse Xx. Xxxxxxxxxx for all health, dental, vision, life, AD&D,
and disability insurance policies (not to exceed $2,000 per month) until
such time as Company establishes such insurance coverages. |
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(b) | Vacation: The
Company will provide Xx. Xxxxxxxxxx with four (4) weeks paid vacation
per annum. |
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(c) | Bonus. During
the Employment Period, Xx. Xxxxxxxxxx shall be entitled to a bonus of
up to three times (3x) his annual salary. |
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The bonus will be based upon two metrics: | ||||
(i) | 1.0% of acquired
Telco companies’ LTM revenues plus |
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(ii) | Five percent (5%) of
the EBITDA achieved by the Telco Operations of the Company; plus |
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(iii) | One-half percent (.5%)
of LTM revenues for any other acquisitions which Xx. Xxxxxxxxxx originates
and which the Company closes. |
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For the [*]
proposed transactions, in lieu of one percent (1%) (or one-half percent
(.5%) for [*]) of LTM revenues, Xx. Xxxxxxxxxx shall receive a bonus
based on a standard Xxxxxx Formula (i.e., 5% of the first $1 million,
4% of the second $1 million, 3% of the third $1 million, 2% of the fourth
$1 million and 1% thereafter of purchase price) for each of the three
acquisition opportunities which the Company accepts and finalizes. An
acquisition shall be deemed “made” if a definitive agreement
is executed during the Employment Period and the transaction closes
during the Employment Period or within twelve (12) months thereafter. |
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* Confidential
treatment has been requested for certain portions of this document pursuant
to an application for confidential treatment sent to the Securities
and Exchange Commission. Such portions are omitted from this filing
and filed separately with the Securities and Exchange Commission. |
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The acquisition bonus will be paid with the next regular paycheck after an acquisition closes while the EBITDA bonus will be paid seventy-five percent (75%) no later than forty-five (45) days after the close of the quarter (based on unaudited numbers) and the remaining twenty-five percent (25%) within ninety (90) days after the fiscal year end (based on audited numbers). |
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The bonus will be capped
at three hundred percent (300%) of base salary (thus, initially $540,000
per annum). The 3x cap shall be lifted if the Company achieves $5 million
in Telco EBITDA on a “run-rate” basis by March 31, 2005. The
Company and Xx. Xxxxxxxxxx herein agree to negotiate in good faith on
additional compensation if warranted by extraordinary performance by Xx.
Xxxxxxxxxx. Terms and conditions of the additional compensation, if any,
will be negotiated on a case-by-case basis. |
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(d) | Equity. As partial consideration
for entering into this Agreement, the Company hereby grants Xx. Xxxxxxxxxx
an option under the Company’s 2001 Equity Performance Plan to acquire
three million (3,000,000) shares of the Company’s common stock at
an exercise price or $0.20 per share (the “Option”). The Options
shall vest ratably over the remaining twenty-four (24) months of the Agreement,
or immediately if Xx. Xxxxxxxxxx’x employment is terminated without
cause or for good reason (as described in Section 4 hereof) or due to
a change in control, sale of a majority of the common stock or substantially
all of the assets of the Company or merger of the Company into or with
another company (unless such company is less than ninety percent (90%)
of the size (measured by market value) of the Company) or reverse merger
with another company. An additional three million (3,000,000) shares of
common stock under the Company’s 2001 Equity Performance Plan will
be granted and shall vest on the following schedule: Seventy-five (75)
options shall vest per $1,000 in acquired LTM Telco Operation revenue
or [*] LTM revenue and thirty-seven and one-half (37.5) options shall
vest per $1,000 in LTM revenue for Xx. Xxxxxxxxxx sourced acquisitions
which are not Telco Operation revenue or [*] LTM revenue. |
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All six million (6,000,000) options
for shares of common stock issued under the Company’s 2001 Equity
Performance Plan pursuant to this section 3(d) will have an exercise price
of $0.20 and the shares underlying such options shall have “piggy-back”
registration rights with the Company’s next SB-2 or equivalent registration
statement, but shall not otherwise be registered. |
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Additional options may be granted at
the discretion of the Chief Executive Officer. |
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(e) | Business Expenses. During the
Employment Period, the Company shall promptly reimburse Xx. Xxxxxxxxxx
for all appropriately documented, reasonable business and travel expenses
incurred by Xx. Xxxxxxxxxx in the performance of his duties under this
Agreement. |
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* Confidential
treatment has been requested for certain portions of this document pursuant
to an application for confidential treatment sent to the Securities
and Exchange Commission. Such portions are omitted from this filing
and filed separately with the Securities and Exchange Commission. |
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(f) | Office. During the Employment Period, the Company shall provide an office at a place mutually agreeable to Xx. Xxxxxxxxxx and the Company and, to the extent that the Company’s budget allows, secretarial assistance to Xx. Xxxxxxxxxx suitable to Xx. Xxxxxxxxxx’x position as the Company’s Group President. Xx. Xxxxxxxxxx agrees that the Company’s existing offices at 0000 Xxxxxxxxx Xxxxxxxxx, Xxxxxxxx, Xxxxxxxx 00000 are sufficient to satisfy this covenant. |
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The Company agrees to reimburse Xx. Xxxxxxxxxx for expenses incurred to establish and maintain a home office including phone, fax, Internet, cellular, and other related expenses not to exceed $500 per month. |
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If the Company requires Xx. Xxxxxxxxxx to relocate from Maryland to any other state for the purpose of serving as Group President or any other like position, the Company agrees to provide a full relocation package commensurate with industry standards for this level of position. |
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4. | Termination of Employment | ||
(a) | Termination for Cause. The Company may terminate Xx. Xxxxxxxxxx’x employment hereunder for Cause (defined below). For purposes of this Agreement and subject to Xx. Xxxxxxxxxx’x opportunity to cure as provided in Section 4(c) hereof, the Company shall have Cause to terminate Xx. Xxxxxxxxxx’x employment hereunder if such termination shall be the result of: |
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(i) a materialbreach of fiduciary duty or materialbreach of the terms of this Agreement or any other agreement between Xx. Xxxxxxxxxx and the Company (including without limitation any agreements regarding confidentiality, inventions assignment and non-competition), which, in the case of a material breach of the terms of this Agreement or any other agreement, remains uncured for a period of thirty (30) days following receipt of written notice from the Board specifying the nature of such breach; |
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(ii) the commission by Xx. Xxxxxxxxxx of any act of embezzlement, fraud, larceny or theft on or from the Company; |
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(iii) Substantial and continuing neglect or inattention by Xx. Xxxxxxxxxx of the duties of his employment or the willful misconduct or gross negligence of Xx. Xxxxxxxxxx in connection with the performance of such duties which remains uncured for a period of thirty (30) days following receipt of written notice from the Board specifying the nature of such breach; |
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(iv) The commission by Xx.
Xxxxxxxxxx of any crime involving moral turpitude or a felony; |
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(v) Xx. Xxxxxxxxxx’x
performance or omission of any act which, in the judgment of the Board,
if known to the customers, clients, stockholders or any regulators of
the Company, would have a material and adverse impact on the business
of the Company; and |
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(vi) In the event that Telco
Operations deals, plus [*] or other deals sourced by Xx. Xxxxxxxxxx, with
at least $1 million in Run-Rate EBITDA (in the reasonable judgment of
the Company’s CEO) have not closed by December 31, 2004. |
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(b) | Termination for Good
Reason. Xx. Xxxxxxxxxx shall have the right at any time to terminate
his employment with the Company upon not less than thirty (30) days prior
written notice of termination for Good Reason (defined below). For purposes
of this Agreement and subject to the Company’s opportunity to cure
as provided in Section 4(c) hereof, Xx. Xxxxxxxxxx shall have Good Reason
to terminate his employment hereunder if such termination shall be the
result of: |
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(i) | The breach by the Company
of any material provision of this Agreement; or |
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(ii) | A requirement by the Company
that Xx. Xxxxxxxxxx perform any act or refrain from performing any act
that would be in violation of any applicable law. |
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(c) | Notice and Opportunity
to Cure. Notwithstanding the foregoing, it shall be a condition precedent
to the Company’s right to terminate Xx. Xxxxxxxxxx’x employment
for Cause and Xx. Xxxxxxxxxx’x right to terminate for Good Reason
that (i) the party seeking termination shall first have given the other
party written notice stating with specificity the reason for the termination
(“breach”) and (ii) if such breach is susceptible of cure or
remedy, a period of fifteen (15) days from and after the giving of such
notice shall have elapsed without the breaching party having effectively
cured or remedied such breach during such 15-day period, unless such breach
cannot be cured or remedied within fifteen (15) days, in which case the
period for remedy or cure shall be extended for a reasonable time (not
to exceed an additional thirty (30) days) provided the breaching party
has made and continues to make a diligent effort to effect such remedy
or cure. |
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* Confidential
treatment has been requested for certain portions of this document pursuant
to an application for confidential treatment sent to the Securities
and Exchange Commission. Such portions are omitted from this filing
and filed separately with the Securities and Exchange Commission. |
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(d) | Voluntary Termination. At the election of Xx. Xxxxxxxxxx, upon not less than sixty (60) days prior written notice of termination other than for Good Reason. |
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(e) | Termination Upon Death or Permanent and Total Disability. The Employment Period shall be terminated by the death of Xx. Xxxxxxxxxx. The Employment Period may be terminated by the Board of Directors of the Company if Xx. Xxxxxxxxxx shall be rendered incapable of performing his duties to the Company by reason of any medically determined physical or mental impairment that can be reasonably expected to result in death or that can be reasonably be expected to last for a period of either (i) six (6) or more consecutive months from the first date of Xx. Xxxxxxxxxx’x absence due to the disability or (ii) nine (9) months during any twelve-month period (a “Permanent and Total Disability”). If the Employment Period is terminated by reason of a Permanent and Total Disability of Xx. Xxxxxxxxxx, the Company shall give thirty (30) days’ advance written notice to that effect to Xx. Xxxxxxxxxx. |
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(f) | Termination Without Cause. At the election of the Company, otherwise than for Cause, upon not less than sixty (60) days written notice of termination. |
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(g) | Termination for Business Failure. Anything contained herein to the contrary notwithstanding, in the event the Company’s business is discontinued because continuation is rendered impracticable by substantial financial losses, lack of funding, legal decisions, administrative rulings, declaration of war, dissolution, national or local economic depression or crisis or any reasons beyond the control of the Company, then this Agreement shall terminate as of the day the Company determines to cease operation with the same force and effect as if such day of the month were originally set as the termination date hereof. In the event this Agreement is terminated pursuant to this Section 4(g), the Executive will be entitled to severance pay. |
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5. | Consequences of Termination | ||||
(a) | (a) Without Cause or for Good Reason. In the event of a termination of Xx. Xxxxxxxxxx’x employment during the Employment Period by the Company other than for Cause pursuant to Section 4(f) or by Xx. Xxxxxxxxxx for Good Reason pursuant to Section 4(b) (e.g., due to a Change of Control of the Company, where Change of Control means: (i) the acquisition (other than from the Company) in one or more transactions by any Person, as defined in this Section 5(a), of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of 50% or more of (A) the then outstanding shares of the securities of the Company, or (B) the combined voting power of the then outstanding securities of the Company entitled to vote generally in the election of directors (the “Company Voting Stock”); (ii) the closing of a sale or other conveyance of all or substantially
all of the assets of the Company; or (iii) the effective time of any merger, share exchange, consolidation, or other business combination of the Company if immediately after such transaction persons who hold a majority of the outstanding voting securities entitled to vote generally in the election of directors of the surviving entity (or the entity owning 100% of such surviving entity) are not persons who, immediately prior to such transaction, held the Company Voting Stock; provided, however, that a Change of Control shall not include a public offering of capital stock of the Company. For purposes of this Section 5(a), a “ Person” means any individual, entity or group within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended, other than employee benefit plans sponsored or maintained by the Company and corporations controlled by the Company) , the Company shall pay Xx. Xxxxxxxxxx (or his estate) and provide him with the following: |
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(a) |
Lump-Sum Payment. A lump-sum cash payment, payable ten (10) days after Xx. Xxxxxxxxxx’x termination of employment, equal to the sum of the following: |
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(i) |
Salary. The equivalent of the remaining months on the Employment Agreement or twelve (12) months (the “Severance Period”) of Xx. Xxxxxxxxxx’x then-current base salary, whichever is greater; plus |
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(ii) |
Earned but Unpaid Amounts. Any previously earned but unpaid salary through Xx. Xxxxxxxxxx’x final date of employment with the Company, and any previously earned but unpaid bonus amounts prior to the date of Xx. Xxxxxxxxxx’x termination of employment. |
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(iii) |
Equity. Xx. Xxxxxxxxxx shall retain all Option Shares vested at time of termination. All unvested Option Shares shall immediately vest and be retained by Xx. Xxxxxxxxxx. Xx. Xxxxxxxxxx shall have the benefit of the full ten (10)-year option period to exercise such Option Shares. |
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(b) |
Other Benefits. The Company shall provide continued coverage for the Severance Period under all health, life, disability and similar employee benefit plans and programs of the Company on the same basis as Xx. Xxxxxxxxxx was entitled to participate immediately prior to such termination, provided that Xx. Xxxxxxxxxx’x continued participation is possible under the general terms and provisions of such plans and programs. In the event that Xx. Xxxxxxxxxx’x participation in any such plan or program is barred, the Company shall use its commercially reasonable efforts to provide Xx. Xxxxxxxxxx with benefits substantially similar (including all tax effects) to those which Xx. Xxxxxxxxxx would otherwise have been entitled to receive under such plans and programs from which his continued participation is barred. In the event that Xx. Xxxxxxxxxx is covered under substitute benefit plans of another employer prior to the expiration of the Severance Period, the Company will no longer be obligated to continue the coverage’s provided for in this Section 5(a)(ii). |
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(b) | Other Termination of Employment. In the event that Xx. Xxxxxxxxxx’x employment with the Company is terminated during the Employment Period by the Company for Cause (as provided for in Section 4(a) hereof) or by Xx. Xxxxxxxxxx other than for Good Reason (as provided for in Section 4(b) hereof), the Company shall pay or grant Xx. Xxxxxxxxxx any earned but unpaid salary, bonus, and Option Shares through Xx. Xxxxxxxxxx’x final date of employment with the Company, and the Company shall have no further obligations to Xx. Xxxxxxxxxx. |
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(c) | Withholding of Taxes. All payments required to be made by the Company to Xx. Xxxxxxxxxx under this Agreement shall be subject only to the withholding of such amounts, if any, relating to tax, excise tax and other payroll deductions as may be required by law or regulation. |
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(d) | No Other Obligations. The benefits payable to Xx. Xxxxxxxxxx under this Agreement are not in lieu of any benefits payable under any employee benefit plan, program or arrangement of the Company, except as specifically provided herein, and Xx. Xxxxxxxxxx will receive such benefits or payments, if any, as he may be entitled to receive pursuant to the terms of such plans, programs and arrangements. Except for the obligations of the Company provided by the foregoing and this Section 5, the Company shall have no further obligations to Xx. Xxxxxxxxxx upon his termination of employment. |
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(e) | No Other Obligations. The benefits payable to Xx. Xxxxxxxxxx under this Agreement are not in lieu of any benefits payable under any employee benefit plan, program or arrangement of the Company, except as specifically provided herein, and Xx. Xxxxxxxxxx will receive such benefits or payments, if any, as he may be entitled to receive pursuant to the terms of such plans, programs and arrangements. Except for the obligations of the Company provided by the foregoing and this Section 5, the Company shall have no further obligations to Xx. Xxxxxxxxxx upon his termination of employment. |
6. | Governing Law |
This Agreement and the rights and obligations of the parties hereto shall be construed in accordance with the laws of the State of Maryland, without giving effect to the principles of conflict of laws.
7. | Indemnity and Insurance |
The Company shall indemnify and save harmless Xx. Xxxxxxxxxx for any liability incurred by reason of any act or omission performed by Xx. Xxxxxxxxxx while acting in good faith on behalf of the Company and within the scope of the authority of Xx. Xxxxxxxxxx pursuant to this Agreement and to the fullest extent provided under the Bylaws, the Certificate of Incorporation and the General Corporation Law of the State of Delaware, except that Xx. Xxxxxxxxxx must have in good faith believed that such action was in, or not opposed to, the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that such conduct was unlawful
The Company shall provide that Xx. Xxxxxxxxxx is covered by any Directors and Officers insurance that the Company provides to other senior executives and/or board members.
8. | Non-Disparagement |
At all times during the Employment Period and for a period of five (5) years thereafter (regardless of how Xx. Xxxxxxxxxx’x employment was terminated), Xx. Xxxxxxxxxx shall not, directly or indirectly, make (or cause to be made) to any person any disparaging, derogatory or other negative or false statement about the Company (including its products, services, policies, practices, operations, employees, sales representatives, agents, officers, members, managers, partners or directors).
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9. | Cooperation with the Company After Termination of Employment |
Following termination of Xx. Xxxxxxxxxx’x employment for any reason, Xx. Xxxxxxxxxx shall fully cooperate with the Company in all matters relating to the winding up of Xx. Xxxxxxxxxx’x pending work on behalf of the Company including, but not limited to, any litigation in which the Company is involved, and the orderly transfer of any such pending work to other employees of the Company as may be designated by the Company. Following any notice of termination of employment by either the Company or Xx. Xxxxxxxxxx, the Company shall be entitled to such full time or part time services of Xx. Xxxxxxxxxx as the Company may reasonably require during all or any part of the sixty (60)-day period following any notice of termination, provided that Xx. Xxxxxxxxxx shall be compensated for such services at the same rate as in effect immediately before the notice of termination.
10. | Lock-up Period and Volume Limitation. |
Xx. Xxxxxxxxxx agrees that he will not sell or otherwise transfer or dispose of any shares of the Company’s common stock that he owns or is entitled to receive following the exercise of any Option Shares or convertible securities that he may receive following the Commencement Date until December 1, 2004. Xx. Xxxxxxxxxx also agrees that he will not sell or otherwise transfer or dispose of more than one million (1,000,000) shares of the Company’s common stock during any calendar quarter thereafter during the Employment Period.
11. | Notice. |
All notices, requests and other communications pursuant to this Agreement shall be sent by overnight mail to the following addresses:
If to Xx. Xxxxxxxxxx:
Xxxxx Xxxxxxxxxx
Phone:
Email:
If to the Company:
Mobilepro Corp.
Attn: CEO
0000 Xxxxxxxxx Xxxx.
Xxxxx 000
Xxxxxxxxx, Xxxxxxxx 00000
Phone: 000.000.0000
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12. | Waiver of Breach |
Any waiver of any breach of this Agreement shall not be construed to be a continuing waiver or consent to any subsequent breach on the part of either Xx. Xxxxxxxxxx or of the Company.
13. | Non-Assignment / Successors |
Neither party hereto may assign his or its rights or delegate his or its duties under this Agreement without the prior written consent of the other party; provided, however, that (i) this Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Company upon any sale or all or substantially all of the Company’s assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of Xx. Xxxxxxxxxx to the extent of any payments due to them hereunder. As used in this Agreement, the term “Company” shall be deemed to refer to any such successor or assign of the Company referred to in the preceding sentence.
14. | Severability |
To the extent any provision of this Agreement or portion thereof shall be invalid or unenforceable, it shall be considered deleted there from and the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect.
15. | Counterparts |
This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.
16. | Arbitration |
Xx. Xxxxxxxxxx and the Company shall submit to mandatory and exclusive binding arbitration, any controversy or claim arising out of, or relating to, this Agreement or any breach hereof where the amount in dispute is greater than or equal to $50,000, provided, however, that the parties retain their right to, and shall not be prohibited, limited or in any other way restricted from, seeking or obtaining equitable relief from a court having jurisdiction over the parties. In the event the amount of any controversy or claim arising out of, or relating to, this Agreement, or any breach hereof, is less than $50,000, the parties hereby agree to submit such claim to mediation. Such arbitration shall be governed by the Federal Arbitration Act and conducted through the American Arbitration Association (“AAA” ) in the state of Maryland, before a single neutral arbitrator, in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association in effect at that time. The parties may conduct only essential discovery prior to the hearing, as defined by the AAA arbitrator. The arbitrator shall issue a written decision, which contains the essential findings and conclusions on which the decision is based. Mediation shall be governed by, and conducted through, the AAA. Judgment upon the determination or award rendered by the arbitrator may be entered in any court having jurisdiction thereof.
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17. | Entire Agreement |
This Agreement and all schedules and other attachments hereto constitute the entire agreement by the Company and Xx. Xxxxxxxxxx with respect to the subject matter hereof and, except as specifically provided herein, supersedes any and all prior agreements or understandings between Xx. Xxxxxxxxxx and the Company with respect to the subject matter hereof, whether written or oral (including that certain consulting arrangement between Xx. Xxxxxxxxxx and the Company). This Agreement may be amended or modified only by a written instrument executed by Xx. Xxxxxxxxxx and the Company.
IN WITNESS WHEREOF, the parties have executed this Agreement as of June 10, 2004.
XXXXX X. XXXXXXXXXX | MOBILEPRO CORP. | ||||
/s/ Xxxxx X. Xxxxxxxxxx | By: |
/s/ Xxx X. Xxxxxx | |||
Its: |
President and CEO | ||||
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