**CALYPSO
      WIRELESS, INC.**


**EXECUTIVE
      EMPLOYMENT AGREEMENT**





**THIS   EXECUTIVE   EMPLOYMENT   AGREEMENT**
      ("Agreement"), is entered into on August 21, 2007 and effective as of August
      21,
      2007, by and between **CALYPSO WIRELESS**,**INC.,**a
      Delaware corporation (“CALYPSO”), and **CHERYL L. DOTSON** (the
“Executive”).





**WHEREAS,**
      CALYPSO has
      experienced considerable success in the business of designing, engineering,
      researching and developing wireless technology, cellular telephones and other
      equipment; and





**WHEREAS,**
      CALYPSO
      wishes to employ Executive in the capacity of CHIEF FINANCIAL OFFICER for a
      minimum period of One (1) year; and





**WHEREAS,**
      the Executive
      wishes to become an employee of CALYPSO as its CHIEF FINANCIAL OFFICER;
      and





**WHEREAS,**
      the parties
      believe it to be in their mutual interest to set forth in writing the terms
      and
      con­ditions of Executive’s employment by CALYPSO; and





**WHEREAS,**
      the Agreement
      shall govern the employment relationship between the parties from and after
      the
      effective date hereof and it supersedes all previous employment agreements
      between them, except as defined below, either written or oral, heretofore
      made.





**NOW,
      THEREFORE,** in
      consideration of the foregoing, the parties agree as follows:




1.  **Recitals**.  The
      above recitals are true and correct and fully incorporated herein and form
      an
      integral part of this Agreement.




2. 
**Intent
      and Scope of Agreement**. The purpose of this agreement is for
      Calypso to execute an employment agreement that allows it to procure the
      services of the Executive as its Chief Financial Officer. This agreement does
      not supersedes the previous Executive Employment Agreement with respect to
      amount owned and previous stock options or stocks.




3.        **Employment**.  CALYPSO
      hereby employs the Executive to serve as its Chief Financial Officer, and the
      Executive hereby accepts such employment with CALYPSO upon the terms and
      conditions hereinafter set forth.  The duties, responsibilities and
      requisites of Executive shall be at a minimum as set forth in the attached
      job
      description, but shall remain commensurate with such title and shall not
      diminish in quality from that currently experienced by Executive.







4.        **Term**.  The
      term (which, for purposes of the Agreement, shall include any extensions) of
      the
      Agreement shall commence as of the date of the signing of this Agreement, and,
      except as otherwise provided in Section 12 hereof, shall terminate one year
      from
      such commencement date (the “Initial Term”), and shall include all additional
      periods, as extended.  At the expiration date, and each year
      thereafter, this Agreement shall be renewed upon mutual consent and agreed
      upon
      terms, of CALYPSO and Executive for an additional period to be negotiated by
      the
      parties.




5.        **Compensation**.




**A**.           **Base
      Compensation**.  For all services rendered during the term
      of this Agreement by the Executive to CALYPSO, the Executive shall receive
      base
      compensation of $ 140,000.00 per annum (One Hundred Forty Thousand US Dollars)
      (the “Base Compensation”).  Commencing on August 21, 2007. CALYPSO
      shall pay Executive the Base Compensation in twenty-four (24) equal Semi-Monthly
      payments commencing on the commencement date as provided in section 4 hereof,
      and paid every 15th and every
      30th of the
      month
      (except the month of February which shall be paid on the 28th).




**B**.           **Bonus
      Payment.** Executive shall receive an additional compensation of
      200,000 (Two Hundred Thousand) S-8 Free Trading shares of CALYPSO as a signing
      bonus upon signature of this employment agreement. The stocks certificate will
      be delivered to the Executive after Calypso filed the S-8 or as soon therefore
      as practical and the transfer agent issue the stock certificate.




**C**.           **Bonus
      Payment.** Executive shall receive an additional compensation of $
      10,000.00 (Ten Thousand) as a signing bonus upon signature of this employment
      agreement.


**D.**           **Additional
      Compensation to Executive**.  In addition to the
      compensation stated above, Executive shall receive 250,000 (Two Hundred Fifty
      Thousand) stock options at a price of .18 cents (Eighteen cents) per share
      of
      CALYPSO per year for the duration of this Employment Agreement and providing
      that she is not terminated pursuant to the provisions of paragraph 14 (B),
      and
      will be fully vested if there is a change in control pursuant to paragraph
      15.




**E.**           **Board
      of Directors Compensation****.**   If
      during the term of this Agreement the Executive participates as a member of
      the
      Board of Directors, in addition to the compensation stated above, Executive
      shall receive a compensation for serving as a member of the Board of Directors
      of Calypso Wireless, Inc. in the amount determined by the Board of Directors
      of
      CALYPSO in its absolute and sole discretion for all members of the Board. Said
      Board of Directors Compensation shall be in addition to the base compensation
      and all other forms of compensation described herein in 5(A)-(D).









6.       
           **Duties and
      Restrictions**.




6.1           **Position**.  During
      the term of this Agreement, the Executive shall serve as Chief Financial Officer
      of CALYPSO and shall devote time, attention, energy and skills to the faithful
      and diligent performance of his duties, including, without limitation,
      participating in the prosecution or defense of any litigation on behalf of
      CALYPSO, which may include traveling as reasonably requested by
      CALYPSO.   Except as otherwise agreed between CALYPSO and
      EXECUTIVE from time to time Employee agrees to devote 50% of his business time,
      attention, skill, and efforts to the performance of his duties and
      responsibilities on behalf of CALYPSO which shall be assigned to him from time
      to time by the CALYPSO, if pay is current.  The CFO shall work on site
      at Calypso’s offices at least five days per month with expenses paid by CALYPSO
      and devote at least twenty hours per week to Calypso and shall be responsible
      for performing all of the functions expected of a CFO of a publicly traded
      company.  Nothing in this Agreement shall preclude Executive from
      devoting reasonable periods required for:





(a)
            serving
                as a director or member of a committee of any organization or corporation
                involving no conflict of interest with the interests of
                Calypso;





(b)
            serving
                as a consultant or an academic faculty in his area of expertise (in
                areas
                other than in connection with the business of Calypso), to government,
                industrial, and academic panels where it does not conflict with the
                interests of Calypso; and





(c)
            managing
                his personal investments or engaging in any other noncompeting
                business;





provided
      that such activities do not materially interfere with the regular performance
      of
      his duties and responsibilities under this Agreement.  “The Business
      of Calypso” for purposes of this paragraph and this Agreement shall mean work in
      the area of telecommunications.





6.2           **Non-Disclosure**.  Executive
      agrees that he will not disclose, now or at anytime in the future, any
      information which is treated by Calypso as confidential, including, but not
      limited to, information relating to the business of Calypso, any of Calypso's
      products, customers, affairs, trade secrets, developments, methods of
      distribution and any other information relating to Calypso which Calypso shall
      deem proprietary, to any person, firm, company, corporation, association, or
      any
      other entity provided that disclosure of confidential information may be made
      (i) to the extent that such information is generally available and known in
      the
      industry, through no action of Executive, or (ii) as required by
      law.





6.3           **Return
      of Documents**. Upon the expiration or termination of this Agreement,
      Executive shall not remove from Calypso, without written consent of Calypso,
      any
      manuals, records, drawings, blueprints, data, tables, calculations, letters,
      documents, or any copy or other reproduction thereof, or any other property
      or
      confidential information, of or pertaining to Calypso or any of its
      subsidiaries.  All of the foregoing shall be returned to Calypso on or
      before the date of expiration or termination of employment.









6.4           **No
      Actions In Conflict of Calypso’s Interest**.  Executive
      recognizes that the services to be performed by him pursuant to this Agreement
      are special, unique and extraordinary.  The parties confirm that it is
      reasonably necessary for the protection of Calypso’s goodwill that Executive
      agree not to act in any way that would be detrimental to Calypso and constitute
      a conflict of interest.  Therefore, during the term of this Agreement,
      Executive will not, directly or indirectly, except for the benefit of
      Calypso:




(i)
            solicit,
                  cause or authorize, directly or indirectly, to be solicited for
                  or on
                  behalf of himself or third parties from parties who are or were
                  customers
                  of Calypso (including its present and future subsidiaries and affiliates)
                  at any time during the term of this Agreement, any business similar
                  to the
                  business transacted by Calypso with such customer.  This shall
                  not preclude Executive from soliciting the services of a supplier
                  or
                  customer of Calypso in furtherance of a noncompeting business as
                  allowed
                  under Paragraph 6(a) hereof;
                  or




(ii)
            accept
                or cause or authorize, directly or indirectly, to be accepted for
                or on
                behalf of himself or third parties, business from any such customers
                of
                Calypso (including its present and future subsidiaries and affiliates),
                except as allowed in the last sentence of Paragraph 6.4 (i) above;
                or




(iii)
            solicit,
                or cause or authorize, directly or indirectly, to be solicited for
                employment for or on behalf of himself or third parties, any persons
                who
                was at any time during the term of this Agreement, employees of Calypso
                (including its present and future subsidiaries and affiliates);
                or





(iv)
            employ
                or cause or authorize, directly or indirectly, to be employed for
                or on
                behalf of himself or third parties, any such employees of Calypso
                (including its present and future subsidiaries and affiliates);
                or




(v)
            use
                  the trade names, trademarks, or trade dress of any of the products
                  of
                  Calypso (including its present and future subsidiaries and affiliates);
                  or
                  any substantially similar trade name, trademark or trade dress
                  likely to
                  cause, or having the effect of causing, confusion in the minds
                  of
                  manufacturers, customers, suppliers and retail outlets and the
                  public
                  generally.




6.5           **Assignment
      of Inventions**.  If at any time during the term of this
      Agreement (either alone or with others) Executive makes, conceives, creates,
      discovers, invents or reduces to practice any invention, modification,
      discovery, design, development, improvement, process, software program, work
      of
      authorship, documentation, formula, data, technique, know-how, trade secret,
      or
      intellectual property right whatsoever or any interest therein (whether or
      not
      patentable or registrable under copyright, trademark or similar statutes or
      subject to analogous protection (each, an “Invention”) that (i) relates to the
      Business of Company or any of its Affiliates or any customer of or supplier
      to
      Company or any of its Affiliates or any of the products or services being
      developed, manufactured or sold by Calypso or any of its Affiliates or which
      may
      be used in relation therewith; or (ii) results from tasks assigned to Executive
      by Calypso or any of its Affiliates; or (iii) results from the use of premises
      or personal property (whether tangible or intangible) owned, leased or
      contracted for by Calypso or any of its Affiliates, then all such Inventions
      and
      the benefits thereof are and shall immediately become the sole and absolute
      property of Calypso and its assigns, as works made for hire or
      otherwise.  Executive hereby agrees that he shall promptly disclose to
      Calypso (or any persons designated by it) each such
      Invention.  Executive hereby assigns all rights (including, but not
      limited to, rights to any inventions, patentable subject matter, copyrights
      and
      trademarks) he may have or may acquire in the Inventions and all benefits and/or
      rights resulting therefore to Calypso and its assigns without further
      compensation and shall communicate, without cost or delay, and without
      disclosing to others the same, all available information relating thereto (with
      all necessary plans and models) to Calypso.  Notwithstanding anything
      contained in this Agreement or in this Paragraph, any Invention that does not
      relate to the area of telecommunications shall remain the exclusive property
      of
      Executive and Calypso shall have no claim to such Invention, and under no
      circumstances shall Executive have the duty or obligation to assign all rights
      (including, but not limited to, rights to any inventions, patentable subject
      matter, copyrights and trademarks) he may have or may acquire to such Inventions
      and all benefits and/or rights resulting therefore.









7.           **Facilities**.  The
      Executive shall be furnished with such facilities and services as are adequate
      and sufficient in the reasonable opinion of the Executive for the
      per­formance of his duties, this shall include without limitation a private
      office, computer equipment, administrative assistant, office furniture and
      similar facilities..





8.           **Employee
      Benefits**.  CALYPSO agrees to provide the Executive with
      the following benefits:





A.Vacation.  The Executive shall be entitled each year to
      vacation time that totals two (2) weeks, during which time his compensation
      shall be paid in full. All vaca­tion time shall be taken at times and in
      duration convenient to CALYPSO.  The vacation time provided herein
      shall not be cumulative and not carried forward to any subsequent year(s) by
      the
      Executive.





B.Holidays.  Executive shall be entitled to the following
      Holidays:  New Year’s Day, Good Friday, Memorial Day, 4th of July,
      Labor Day, Thanksgiving, the Friday after Thanksgiving, Christmas Eve, Christmas
      Day, and one Floating Holiday.





C.Employee Benefits.  During the Term of this Agreement, CALYPSO
      shall provide the Executive with any other fringe benefits generally available
      to employees of CALYPSO, such as medical – health plan.





9.           **Development
      and Other Activity Expenses**.  CALYPSO recognizes that the
      Executive will have to incur certain out-of-pocket expenses, including, but
      not
      limited to, travel expenses, relating to his services and CALYPSO’s business,
      and CALYPSO agrees to promptly reimburse the Executive for all reasonable
      expenses necessarily incurred by him in the performance of his duties to CALYPSO
      upon presentation of a receipt, voucher, copy of credit card statement or
      documentation indicating the amount and business purposes of any such
      expenses.  These expenses include, but are not limited to, travel,
      meals, entertainment, etc.









10.           **Sick
      Leave**.  The Executive shall be entitled to five (5) days
      sick leave during each calendar year, which amounts shall not be
      cumulative.





11.           **Office
      and Support Staff**.  During the term of this Agreement,
      Executive shall be entitled to an office of a size and with furnishings and
      other appointments, and to secretarial and other assistants, at least equal
      to
      those provided to other management level employees of CALYPSO and as further
      addressed in section 7 herein.




12.           **Termination**.





A.Grounds.  Executive can only be terminated for cause pursuant
      to clause 13 A and B, 14 A & B and 15.





B.Notice of Termination. Any termination by CALYPSO shall be communicated
      by Notice of Termination to the Executive and vice versa.  For
      purposes of this Agreement, a “Notice of Termination” means a written notice
      which indicates the date of termination.


13.           **Definitions**.  For
      the purposes of this Agreement, the following terms shall have the following
      definitions:





A.           “Disability”
      means a complete physical or mental inability, confirmed by an independent
      licensed physician, to perform substantially all of the services described
      in
      Section 3 hereof that continues for a period of 30 consecutive days during
      any
      six month period.





B.           “Voluntary
      Termination” means the Executive’s voluntary termination of his employment.
      Voluntary refusal to perform services shall not include taking a vacation in
      accordance with Section 8.(A.) hereof, or the Executive’s failure to perform
      services on account of his illness or the illness of a member of his immediate
      family, provided such illness is adequately substantiated at the reasonable
      request of CALYPSO, or any other absence from service with written consent
      of
      the Board of Directors.




14.        **Compensation
      Upon Termination – Obligations of CALYPSO Upon
      Termination**.




A.           If the
      Executive shall suffer a death or a termination hereunder based upon Executive’s
      Disability, as defined under Section 13, CALYPSO shall pay the Executive the
      following:







(i).           the
      Executive’s full Base Compensation including any past due amounts up to the Date
      of Termination at the rate in effect on the Date of Termination;





B.           If the
      Executive shall suffer a Termination based upon any of the following
      circumstances, he shall receive no compensation, separation pay, stock options
      or any employment benefits referenced in this or any other
      agreement:





1.He
      commits a felony, or any misdemeanor criminal offense involving a crime of
      dishonesty, moral turpitude or violence;


2.He
      abuses alcohol or uses illegal narcotics;


3.Engages
      in insubordination;


4.He
      commits gross negligence in the performance of his duties;


5.He
      breaches his fiduciary obligations as Chief Financial Officer;





C.If the Executive is terminated for any other reason, he shall receive
      (90) days (Ninety Days) pay, plus pro-rated stock options as enumerated
      herein.





****15.  **Change
      in Control**.  In the event of a Change in Control, as
      defined below, the Executive or CALYPSO, shall have the option at any time
      within 30 days after the Change in Control occurs to terminate Executive’s
      employment.




A.           **Notice**.  Written
      notice that a “Change in Control” has occurred must be delivered by CALYPSO
      within five (5) days after such “Change in Control” occurs.  Proper
      notice to effectuate a termination upon Change in Control shall be the date
      the
      Executive or CALYPSO receive written notice which (i) indicates that this
      Employment Agreement is being terminated on the basis of Change in Control,
      and,
      (ii) sets forth in reasonable detail the facts and circumstances claimed to
      provide a basis for such termination.





B.           **Definitions
      – Change in Control**.





(i)“Acquiring Person” means that a Person, considered alone or
                together with all Control Affiliates and Associates of that Person,
                is or
                becomes directly or indirectly the beneficial owner of securities
                representing at least fifty-one (51) percent of CALYPSO’s then outstanding
                securities entitled to vote generally in the election of the
                Board.





(ii)“Affiliate” means any “subsidiary” or “parent” corporation (within
                the meaning of Section 424 of the Code) of
                CALYPSO.





(iii)“Board” means the Board of Directors of
                CALYPSO.





(iv)“Control Affiliate” with respect to any Person, means an Affiliate
                as defined in Rule 12B-2 of the General Rules and Regulations under
                the
                Exchange Act, as amended as of January 1,
                1990.









(v)“Exchange Act” means the Securities Exchange Act of 1934, as
                amended and as in effect from time to
                time.





(vi)“Person” means any human being, firm, corporation, partnership, or
                other entity.  Person also includes any human being, firm,
                corporation, partnership, or other entity as defined in Section 13(d)(3)
                and 14 (d)(2) of the Exchange Act, as amended as of January 1,
                1990.  The term Person does not include CALYPSO or any related
                entity within the meaning of Code Section 1563(a), 414(b) or 414(c),
                and
                the term Person does not include any employee-benefit plan maintained
                by
                CALYPSO or by any Related Entity, and any Person or entity organized,
                appointed, or established by CALYPSO or by any subsidiary for or
                pursuant
                to the terms of any such employee-benefit plan, unless the Board
                determines that such an employee-benefit plan, or such Person or
                entity is
                a Person





(vii)“Change in Control”.  For purposes of this Agreement, a
                “Change in Control” shall mean any of the following
                events:





(a)In the event a Person is or becomes an Acquiring
                Person;





(b)In the event a Person enters into a agreement that would result
                in
                that Person becoming an Acquiring
                Person;





(c)In the event that CALYPSO enters into any agreement with Person
                that involves the transfer of at least fifty-one (51) percent of
                CALYPSO’s
                total assets on a consolidated basis, as reported in CALYPSO’s
                consolidated financial statements filed with the Securities and Exchange
                Commission, or, if CALYPSO is not required to file consolidated financial
                statements with the Securities and Exchange Commission, similar financial
                statements;





(d)In the event that CALYPSO enters into an agreement to merge
                or
                consolidate CALYPSO or to effect a statutory share exchange with
                another
                Person, where the Person and its subsidiaries and affiliates own
                at least
                fifty-one (51) percent of the company, if CALYPSO is not intended
                to be
                the surviving or resulting entity after the merger, consolidation,
                or
                statutory share exchange;





(e)A
                complete liquidation or dissolution of
                CALYPSO;





(f)Notwithstanding the foregoing, a Change in Control shall not
                be deemed to occur solely because any Person acquired Beneficial
                Ownership
                as defined in the Exchange Act of more than the permitted amount
                of the
                then outstanding securities as a result of the acquisition of securities
                by CALYPSO which by reducing the number of securities then outstanding,
                increased the proportional number of shares Beneficially Owned by
                the
                subject Person(s) provided that if a Change in Control would occur
                as a
                result of the acquisition of securities by CALYPSO, and after such
                share
                acquisition by CALYPSO, the Person becomes the Beneficial Owner of
                any
                additional securities which increases the percentage of the then
                outstanding securities Beneficially Owned by the subject Person,
                then a
                Change in Control shall occur.









C.           **Compensation
      Upon Termination Based Upon Change in Control – Payment of Excise
      Taxes**.  If a termination occurs upon a Change in Control
      as defined above, and the change control takes place during the first twelve
      months of this agreement hen the Company shall pay the Executive those same
      amounts at the same time as indicated in Section (14). All stock options for
      that year will fully vest.




****16.           **Notices**.  All
      notices required to be given under the Agreement shall be in writing, sent
      certified mail, return receipt requested, postage prepaid, to the following
      addresses:





(A)           If
      to the Executive, then to:      Cheryl L.
      Dotson


4126
      Harbour Circle


Missouri
      City, TX 77459





(B)           If
      to CALYPSO, then
      to:            Calypso
      Wireless, Inc.


2500 NW 79 Ave, Suite 220


Doral,
      FL.
      33166




Attention:  President
      & CEO




17.           **Governing
      Law and Venue**.  The Agreement shall be governed by and
      construed in accordance with the laws of the State of Florida.  Venue
      for any action or suit brought hereunder or in connection herewith, or relating
      hereto, shall lie with the Courts in and for Miami-Dade County,
      Florida.




18.           **Waiver**.  The
      waiver by either party hereto of any breach of any provision of the Agreement
      shall not operate or be construed as a waiver of any subsequent breach by either
      party hereto.




19.           **Binding
      Effect and Assignment**.  The Executive acknowledges that
      his services are unique and personal.  Accordingly, the Executive may
      not assign his rights or delegate his duties or obligations under this
      Agreement.  The Executive’s rights and obligations under this
      Agreement shall inure to the benefit of and shall be binding upon the
      Executive’s heirs, personal representatives and successors and
      assigns.  The Agreement shall be binding upon CALYPSO’s successors
      and/or assigns.




20.           **Attorneys
      Fees**.  In the event either party files any action
      or suit regarding any of the terms of this Agreement or in relation to, or
      involving, Executive’s employment by CALYPSO, then the prevailing party shall be
      entitled to recover upon final judgment on the merits its or his reasonable
      attorney's fees and court costs (including, without limitation, appellate
      attorney’s fees and court costs) incurred in bringing such action and all costs
      or expenses, including, without limitation, attorney’s fees and court costs,
      incurred in collecting any judgment .









21.           **Indemnification
      and Hold Harmless Provision**. CALYPSO hereby agrees to indemnify
      Executive, his heirs, successors, and assigns and hold Executive harmless from
      any and all liabilities, obligations, expenses, fees, and costs (including
      attorney’s and professional fees) of every kind, nature, and description, which
      now exist or may exist now or hereafter with respect to Executive’s activities,
      duties, or responsibilities as Chief Financial Officer of CALYPSO, or any
      subsequent position, or in relation to any of CALYPSO’s subsidiaries,
      affiliates, or related entities.  Such indemnification and hold
      harmless benefits shall be payable by CALYPSO whenever incurred by Executive
      so
      long as such costs or expenses relate to or arise from such activities, duties,
      and responsibilities of Executive and shall not be in any way be dependent
      upon
      Executive’s employment with CALYPSO. Calypso shall be required to purchase
      adequate directors/officers insurance, or other adequate insurance insuring
      Calypso’s obligation as set forth in this Section 21.




In
      the event Executive is made a party to a lawsuit or is involved in a legal
      proceeding in any manner (including by subpoena or as a witness), which relates
      directly or indirectly to Calypso or the Executive’s performance of his duties
      under this Agreement, in which Executive in his sole discretion believes that
      it
      is in his best interest to retain independent legal and other professional
      counsel. Calypso will pay for such legal counsel.




22.           **Non-Compete
      Clause**. For a period of one (1) years after the conclusion of his
      employment with Calypso, the Executive shall not engage in any employment or
      work for any company or third party, including consulting engagements, that
      is
      directly involved in competition with Calypso Wireless or any of its
      subsidiaries or successors in interest without written consent from the Company.
      This shall include but not be limited to any business entity involved in the
      development, servicing or manufacture of wireless communications of any type,
      including but not limited to cellular telephones. In addition, the Executive
      shall not directly or indirectly solicit any Calypso employees, contractors,
      or
      vendors to gain employment or business affiliation with any business that
      competes directly with Calypso.




23.           **Entire
      Understanding; Amendment**.  The Agreement contains the
      entire understanding of the parties relating to the employment of the Executive
      by CALYPSO and supersedes any and all previous agreements among the
      parties.  It may not be changed orally but only by an agreement in
      writing signed by the party or par­ties against whom enforcement of any
      waiver, change, modifica­tion, extension or discharge is
      sought.




****









IN
      WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals
      the
      day and year first above written.











EXECUTIVE:


/s/Cheryl
      L. Dotson








CALYPSO
      WIRELESS, INC.,


A
      DELAWARE CORPORATION





/s/
      Julietta Moran


Name:
      Julietta Moran


Title:   Director
      - Board Member