Document:

Executive Employment Agreement

 Exhibit 10.40 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS EXECUTIVE EMPLOYMENT AGREEMENT (this
“Agreement”) is made and entered August 25, 2006, effective as of August 28, 2006 (the “Effective Date”), between ELANDIA, INC., a Delaware corporation, (the “Company”), with a principal place of business at
1500 Cordova Road, Suite 300, Fort Lauderdale, Florida 33316 and HARRY HOBBS, an individual (the “Executive”), whose address is 17971 Yatton Road, Round Hill, Virginia 20141. 
 RECITALS: 
 A. The Company provides wireless telecommunications services and
information solutions and services (the “Business”). 
 B. The Executive has extensive experience in the industry and has extensive
experience as a chief executive officer. 
 C. The Company wishes to employ Executive. 
 D. The Company has in effect a policy of director and officer liability insurance. 
 NOW, THEREFORE, in consideration of the mutual agreements herein made, the Company and the Executive hereby agree as follows: 
 AGREEMENT 
 1.
EMPLOYMENT. The Company hereby agrees to employ Executive and Executive hereby accepts such employment in his capacity of President and Chief Executive Officer, upon the terms and conditions hereinafter set forth. The Executive shall
diligently perform all services as may be assigned to him by the Board of Directors of the Company (the “Board”), and shall exercise such power and authority as may from time to time be delegated to him by the Board. The Company may also
direct Executive to perform such duties for other entities which are now or may in the future be affiliated with the Company (the “Affiliates”), subject to the limitation that Executive’s overall time commitment is comparable to
similarly situated executives. Executive shall serve the Company and the Affiliates faithfully, diligently and to the best of his ability. Executive agrees during the Term (as hereinafter defined) of this Agreement to devote all of his full-time
business efforts, attention, energy and skill to the performance of his employment to furthering the interest of the Company and the Affiliates. The Executive shall render such services at the Company’s location at 1500 Cordova Road, Suite 300,
Fort Lauderdale, Florida 33316, or at another suitable location selected by the Company. During the Term, Executive shall not engage in any other employment, occupation or consulting activity for any direct or indirect remuneration without the prior
written consent of the Board; provided however, that Executive shall be entitled to serve as a non-executive director of up to two other companies, as long as such companies do not compete with the Company or its subsidiaries. 

 2. COMPENSATION/BENEFITS. 
 (a) Salary. Company shall pay Executive a base salary (the “Base Salary”), of $300,000. Said salary shall be paid consistent with the
Company’s payroll policies and procedures for all employees. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board, be increased at any time or from time to time.

 (b) Performance Bonus. During the Term, Executive shall be eligible to receive an annual bonus (“Bonus”) at the
discretion of the Board, or pursuant to one or more written plans adopted by the Board of the Company. The amount of any such Bonus, assuming Executive’s achievement of applicable milestones (as determined by the Board from time to time), shall
be based primarily upon the overall performance of the Company. The Bonus, if any, shall be payable on an annual basis at such time as the Board shall determine. In respect of calendar year 2006, Executive will be guaranteed 50% ($62,500) of the
pro-rated maximum bonus amount of $125,000, with the balance of $62,500 to be subject to the achievement of milestones for calendar year 2006 to be established by the Compensation Committee of the Board of Directors in August 2006. 
 (c) Employee Benefits. Executive shall be entitled to participate in all benefit programs of the Company currently existing or hereafter made
available to executives and/or other executive employees, subject to the eligibility requirements, restrictions and limitations of any such programs, including, but not limited to, health, dental, hospitalization, surgical and major medical
coverage, pension and other retirement plans, including any 401K Plan, sick leave, salary continuation, vacation and holidays and other fringe benefits. 
 (d) Vacation. Executive shall be entitled to four weeks of vacation each calendar year during the Term, to be taken at such times as the Executive and the Company shall mutually determine and provided that no
vacation time shall interfere with the duties required to be rendered by the Executive hereunder. Any vacation time not taken by Executive during any calendar year may not be carried forward into any succeeding calendar year and is not cumulative:
provided that Executive shall be entitled to carry forward into the next year up to (10) unused vacation days for such year. 
 (e)
Business Expense Reimbursement; Telephone Expenses. Upon the submission of proper substantiation by Executive, and subject to such rules and guidelines as the Company may from time to time adopt, the Company shall reimburse Executive for all
reasonable expenses actually paid or incurred by the Executive during the Term in the course of and pursuant to the business of the Company. The Executive shall account to the Company in writing for all expenses for which reimbursement is sought and
shall supply to the Company copies of all relevant invoices, receipts or other evidence reasonably requested by the Company. This reimbursement shall cover, among other things, the cost of Executive’s cellular telephone use in connection with
his employment hereunder. 
  

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 (f) Start-Up Living Expenses. During a transitional period ending December 31, 2006, the
Company will reimburse to the Executive upon receipt of proper documentation, his living expenses within the Broward County, Florida area, not to exceed $10,000. 
 3. STOCK OPTIONS. Following the adoption by the Company and stockholder approval of a stock option plan, the Company shall grant to the Executive options (the “Stock Option”) to purchase up to 636,200
shares of common stock (the “Common Stock”) of the Company under (and therefore subject to all terms and conditions of) the Company’s stock option plan, as may be amended from time-to-time, and any successor plan thereto (the
“Stock Option Plan”) and all rules of regulation of the Securities and Exchange Commission applicable to stock option plans then in effect. The Stock Option shall have an exercise price per share equal to the fair market value of the
Common Stock on the date of the grant, as determined by the Board (or the Compensation Committee thereof). The Stock Option will vest, subject to continued employment as of the vesting date, as follows: (i)  1/4 will vest and become exercisable on the first anniversary of the Effective Date; and (ii) an additional
1/48th will vest and become exercisable at the end of each one-month period thereafter, so as to become 100% vested
by the fourth anniversary of the Effective Date. No right to any Common Stock is earned or accrued until such time that vesting occurs (subject to Executive being employed and in good standing hereunder on each vesting date), nor does the grant
confer any right to continued vesting or employment. The Stock Option shall lapse as provided in the Stock Option Plan. 
 4.
TERM. The Term of employment hereunder will commence on the Effective Date, and end four years thereafter (the “Term”), unless terminated earlier pursuant to Section 6 of this Agreement. The Term shall automatically
renew (“Renewal Term”) for successive one year terms, unless written notification of non-renewal is provided by either party no less than 30 days prior to the expiration of the Term or the then current Renewal Term. 
 5. REPRESENTATIONS AND WARRANTIES OF EXECUTIVE. The Executive represents and warrants to the Company as follows: 
 (a) Executive has the full right to enter into this Agreement and perform all duties hereunder, and has made no contract or other commitment in
contravention of the terms hereof (including, without limitation, contracts or obligations respecting trade secrets or proprietary information or otherwise restricting competition), or which would prevent Executive from using his best efforts in the
performance of his duties hereunder. Executive has fulfilled all of his obligations under all prior employment or consulting agreements (or similar arrangements), and there is not, under any of the foregoing, any existing default or breach by
Executive with respect thereto. 
 (b) Executive’s performance hereunder shall not constitute a default under any contract or other
commitment to which the Executive is bound. 
 (c) All information furnished by Executive to the Company is to the best of Executive’s
knowledge, true and complete (including, without limitation, documentary evidence of Executive’s identity and 

  

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eligibility for employment in the United States), and Executive will promptly advise the Company with respect to any change in the information of record.

 (d) Executive is not subject to any order, decree or decision precluding him from performing his duties as described herein. 

(e) Executive declares that he has read and understands all the terms of this Agreement; that he has had ample opportunity to review it with his
attorney before signing it; that no promise, inducement, or agreement has been made except as expressly provided in this Agreement; that it contains the entire Agreement between the parties; and that he enters into this Agreement fully, voluntarily,
knowingly and without coercion. 
 (f) Executive acknowledges that the Company reserves the right to conduct background investigations and/or
reference checks on all of its potential employees. By executing this Agreement, Executive authorizes the Company to conduct such an investigation. Executive further acknowledges that his employment is contingent upon a clearance of such a
background investigation and/or reference check. 
 6. DEATH, DISABILITY AND TERMINATION. 
 (a) Death. In the event of the death of the Executive during the Term of the Agreement, accrued Base Salary, vacation and expense reimbursement
shall be paid to the Executive’s designated beneficiary, or, in the absence of such designation, to the estate or other legal representative of the Executive. Other death benefits will be determined in accordance with the terms of the
Company’s benefit programs and plans. 
 (b) Disability. 
 (i) In the event of the Executive’s disability, as hereinafter defined, the Executive shall be entitled to receive the Executive’s Base Salary,
at the annual rate in effect immediately prior to the commencement of disability, for a period of not less than three months from the date on which the disability has deemed to occur as hereinafter provided below. Any amounts provided for in this
Section 6(b) shall be offset by other long-term disability benefits obtained by Executive hereunder. 
 (ii) “Disability” for
purposes of this Agreement, shall be deemed to have occurred in the event (1) the Executive is unable by reason of sickness or accident to perform the Executive’s duties under this Agreement for a cumulative total of 12 weeks within any
one calendar year; (2) the Executive is unable to perform Executive’s duties for 90 consecutive days; or (3) the Executive has a guardian of the person or estate appointed by a court of competent jurisdiction. Termination due to
disability shall be deemed to have occurred upon the first day of the month following the determination of disability as defined in the preceding sentence. 
 (iii) Anything herein to the contrary notwithstanding, if, following a termination of employment hereunder due to disability as provided in the preceding paragraph, the Executive becomes reemployed by the Company,
whether as an employee or a consultant, 

  

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any salary, annual incentive payments or other benefits earned by the Executive from such employment shall offset any salary continuation due to the
Executive hereunder commencing with the date of re-employment. 
 (c) Termination by the Company for Cause. 
 (i) Nothing herein shall prevent the Company from terminating Executive for “Cause” as hereinafter defined. The Executive shall continue to
receive the Base Salary only for the period ending with the date of such termination as provided in this Section 6(c). Any rights and benefits the Executive may have in respect of any other compensation shall be determined in accordance with
the terms of such other compensation arrangements or such plans or programs. 
 (ii) “Cause” shall mean any of the following:
(1) commission or participation by Executive in an injurious act of personal dishonesty, fraud, gross neglect, misrepresentation or embezzlement against the Company or any Affiliate; (2) Executive’s conviction of or plea of nolo
contendere to a felony; (3) commission or participation by Executive in any other injurious act or omission wantonly, willfully, recklessly or in a manner which was grossly negligent against the Company; or (4) continued willful violations
by Executive of his obligations to the Company (provided that, the Company shall have delivered to the Executive a notice of termination stating that the Executive committed one of the types of conduct set forth in this Section 6(c)(ii)(4) and
specifying the particulars thereof and the Executive shall be given a 15 day period to cure such conduct). 
 (d) Termination by the
Company Other than for Cause. 
 (i) The foregoing notwithstanding, the Company shall have the right, at any time, to terminate the
Executive’s employment for whatever reason it deems appropriate upon written notice to the Executive. In the event such termination is not based on Cause, as provided in Section 6(c) above, or if Executive’s employment is terminated
under Sections 6(f) or 6(g) hereto, the Company shall continue to pay the Executive’s Base Salary for a period of 12 months from notice of termination hereunder payable in installments consistent with the Company’s normal payroll schedule,
subject to applicable withholding and other taxes. In addition, subject to the Executive’s timely electing COBRA continuation coverage, the Company will continue to pay health insurance premiums in the same proportion as if Executive had
remained an active employee for purposes of group medical coverage for Executive and his family (as in effect immediately prior to Executive’s termination) until the earlier of: (1) 12 months from the effective date of termination; or
(2) the date upon which Executive becomes eligible for coverage under the group health plans of another employer. 
 For all purposes
under this Agreement, the failure by Company to offer to renew the Agreement following the expiration of the initial Term or any Renewal Term on the same terms and conditions hereunder shall not be treated as if the Company terminated this Agreement
pursuant to this Section 6(d). 
  

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 (e) Voluntary Termination. In the event the Executive terminates the Executive’s employment
on the Executive’s own volition (except as provided in Section 6(g)) prior to the expiration of the Term or any Renewal Term of this Agreement, including any renewals thereof, such termination shall constitute a voluntary termination and
in such event the Executive shall be limited to the same rights and benefits as provided in connection with Section 6(a). A termination of the Executive’s employment by the mutual agreement of the Executive and the Company shall not be
deemed a Termination by the Company Other than for Cause as provided in Section 6(d). Likewise, any public or published statement by either the Executive or the Company after the date of Executive’s termination that characterizes the
termination of Executive as a “resignation” or other voluntary departure by the Executive shall have no bearing on or otherwise change the determination that Executive’s termination is a Termination by the Company Other than for
Cause. 
 (f) Termination Following a Change of Control and Compensation Reduction. 
 (i) In the event that a “Change in Control,” as hereinafter defined, of the Company shall occur at any time during the Term or Renewal Term
hereof, and within 12 months of the occurrence of such “Change in Control” event the Company terminates the Executive without Cause or the Executive shall terminate the Executive’s employment under this Agreement, then, in any such
event such termination shall be deemed to be a Termination by the Company Other than for Cause and the Executive shall be entitled to such compensation and benefits as set forth in Section 6(d) of this Agreement. In addition, upon the effective
date of such termination, the vesting of the Stock Option or any other shares of capital stock of the Company subject to all equity awards granted during the Term or any Renewal Term that remain outstanding as of the time of such termination, shall
accelerate as to 50% of the then unvested equity awards. 
 (ii) For purposes of this Agreement, a “Change in Control”‘ of the
Company shall mean any of the following: 
 (1) a sale of all or substantially all of the assets of the Company; 
 (2) the acquisition of more than 50% of the Common Stock of the Company (with all classes or series thereof treated as a single class) by any person or
group of persons; provided, that, the acquisition of 50% or more of the Common Stock of the Company by Stanford International Bank Ltd. or any of its affiliates (collectively, “Stanford”) shall not be deemed a “Change in Control”
hereunder; 
 (3) a reorganization of the Company whereby the holders of Common Stock of the Company receive stock in another company (other
than a subsidiary of the Company), a merger of the Company with another company whereby there is a 50% or greater change in the ownership of the Common Stock of the Company as a result of such merger, or any other transaction in which the Company
(other than as the parent corporation) is consolidated for federal income tax purposes or is eligible to be consolidated for federal income tax purposes with another corporation; or 
 (4) in the event that the Common Stock of the Company is traded on an established securities market, a public announcement that any person (other than
Stanford) has acquired or has the right to acquire beneficial ownership of more than 50% of the then-outstanding Common Stock; for purposes hereof the terms “person” and “beneficial ownership” shall have the meanings provided in
Section 13(d) of the Securities and Exchange 

  

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Act of 1934, as amended, or related rules promulgated by the Securities and Exchange Commission, or the commencement of or public announcement of an
intention to make a tender offer or exchange offer for more than 50% of the then outstanding shares of Common Stock; provided, however, that a Change of Control shall expressly not include (x) any consolidation or merger effected
exclusively to change the domicile of the Company, or (y) any transaction or series of transactions principally for bona fide equity financing purposes. 
 (g) Constructive Termination. Notwithstanding anything herein to the contrary, the Executive shall have the right, upon written notice to the Company, to terminate his employment in the event of the occurrence
of “Constructive Termination” (as hereinafter defined). For purposes hereof, “Constructive Termination” shall be deemed to occur if, without the Executive’s written consent: (i) Executive is assigned a title, duties or
responsibilities below the senior executive officer level (provided, however, that there shall not be a Constructive Termination if Executive is assigned a comparable title, duties or responsibilities with respect to the acquired or surviving entity
or a division or unit thereof resulting from a transaction involving the Company or its assets (e.g., the senior executive of a business unit or president of the subsidiary of an acquirer)); (ii) there is a material reduction by the Company of
the Executive’s Base Salary as in effect immediately prior to such reduction (except as part of a base salary reduction generally applicable to all executives of the Company); or (iii) Executive is relocated to a facility or a location
more than 35 miles from the Company’s current offices; provided, however, that the Company shall have a period of 15 days following receipt of written notice from the Executive specifying the grounds for a purported Constructive Termination to
cure any event or failure that would otherwise constitute a Constructive Termination. 
 (h) Release. The payment of any
severance amount under this Section 6 is conditioned on the Executive executing and delivering to the Company a standard waiver and general release of claims promptly after the effective date of termination (without any revocation thereof).

 7. COVENANT NOT TO COMPETE/NON-SOLICITATION. Executive acknowledges and recognizes the highly competitive nature of the
Company’s Business and the goodwill and business strategy of the Company constitute a substantial asset of the Company. Executive further acknowledges and recognizes that during the course of the Executive’s employment Executive will
receive specific knowledge of the Company’s Business, access to trade secrets and Confidential Information (as hereinafter defined), participate in business acquisitions and decisions, and that it would be impossible for Executive to work for a
competitor without using and divulging this valuable Confidential Information. Executive further acknowledges that this covenant not to compete is an independent covenant within this Agreement. This covenant shall survive this Agreement and shall be
treated as an independent covenant for the purposes of enforcement. Executive agrees to the following: 
 (a) that all times during the Term
and any Renewal Terms and for a period of one year after termination of the Executive’s employment under this Agreement or any renewal or extension thereof (the “Restricted Period’), for whatever reason and in any geographic areas in
which the Company operated or was actively planning on operating as of date of termination of the Executive’s employment (the “Restricted Area”), Executive will not individually or in 

  

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conjunction with others, directly engage in Competition (as hereinafter defined) with the Business of the Company, whether as an officer, director,
proprietor, employer, employee, partner independent contractor, investor, consultant, advisor, agent or otherwise; provided that this provision shall not apply to the Executive’s ownership of the capital stock, solely as an investment, of
securities of any issuer that is registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended, and that are listed or admitted for trading on any United States national securities exchange or that are quoted on the
National Association of Securities Dealers Automated Quotations System, or any similar system or automated dissemination of quotations of securities prices in common use, so long as the Executive does not control, acquire a controlling interest in
or become a member of a group which exercises direct or indirect control or, more than three percent of any class of capital stock of such corporation; 
 (b) that during the Restricted Period and within the Restricted Area, Executive will not, indirectly or directly, compete with the Company by soliciting, inducing or influencing any of the Company’s customers
that have a business relationship with the Company at any time during the Restricted Period to discontinue or reduce the extent of such relationship with the Company; 
 (c) that during the Restricted Period and within the Restricted Area, Executive will not (i) directly or indirectly recruit any employee of the Company to discontinue such employment relationship with the
Company, or (ii) employ or seek to employ, or cause to permit any business which competes directly or indirectly with the Business of the Company to employ or seek to employ for any such business any person who is then (or was at any time
within six months prior to the date Executive or the competitive business employs or seeks to employ such person) employed by the Company; 
 (d) that during the Restricted Period, Executive will not interfere with, disrupt attempt to disrupt any past or present relationship contractual or otherwise, between the Company and any Company’s employees. 
 (e) For purposes hereof, “Competition” shall mean any company, partnership, limited liability company or other entity any portion of whose
business directly or indirectly competes with the Business of the Company. 
 (f) In the event that a court of competent jurisdiction shall
determine that any provision of this Section 7 is invalid or more restrictive than permitted under the governing law of such jurisdiction, then only as to enforcement of this Section 7 within the jurisdiction of such court, such provision
shall be interpreted and enforced as if it provided for the maximum restriction permitted under such governing law. 
 (g) If the Executive
shall be in violation of any provision of this Section 7, then each time limitation set forth in this Section 7 shall be extended for a period of time equal to the period of time during which such violation or violations occur. If the
Company seeks injunctive relief from such violation in any court, then the covenants set forth in this Section 7 shall be extended for a period of time equal to the pendency of such proceeding including all appeals by the Executive. 

 

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 8. NON-DISCLOSURE OF CONFIDENTIAL INFORMATION. 
 (a) Executive acknowledges that the Company’s trade secrets, private or secret processes, methods and ideas, as they exist from time to time, and
information concerning the Company’s services, business records and plans, inventions, acquisition strategy, price structure and pricing, discounts, costs, computer programs and listings, source code and/or subject code, copyright trademark
proprietary information, formulae, protocols, forms, procedures, training methods, development technical information, know-how, show-how, new product and service development, advertising budgets, past, present or planned marketing, activities and
procedures, method for operating the Company’s Business, credit and financial data concerning the Company’s customers, and marketing; advertising, promotional and sales strategies, sales presentations, research information, revenues,
acquisitions, practices and plans and information which is embodied in written or otherwise recorded form, and other information of a confidential nature not known publicly or by other companies selling to the same markets and specifically including
information which is mental, not physical (collectively, the “Confidential Information”) are valuable, special and unique assets of the Company, access to and knowledge of which have been provided to Executive by virtue of Executive’s
association with the Company. In light of the highly competitive nature of the industry in which the Company’s business is conducted, Executive agrees that all Confidential Information, heretofore or in the future obtained by Executive as a
result of Executive’s association with the Company shall be considered confidential. 
 (b) The Executive agrees that the Executive
shall (i) hold in confidence and not disclose or make available to any third party any such Confidential Information obtained directly or constructively from the Company, unless so authorized in writing by the Company; (ii) exercise all
reasonable efforts to prevent third parties from gaining access to the Confidential Information; (iii) not use, directly or indirectly. the Confidential information in order to perform the Executive’s duties and responsibilities to the
Company; (iv) restrict the disclosure or availability of the Confidential Information to those who have read and understand this Agreement and who have a need to know the information in order to achieve the purposes of this Agreement without
the prior consent of the Company; (v) not copy or modify any Confidential Information without prior written consent of the Company, provided, however, that such copy or modification of any Confidential Information does not include any
modifications or copying which would otherwise prevent the Executive from performing his/her duties and responsibilities to the Company; (vi) take such other protective measures as may be reasonably necessary to preserve the confidentiality of
the Confidential Information; and (vii) relinquish and require all of its employees to relinquish all rights it may have in any matter, such as drawings, documents, models, samples, photographs, patterns, templates, molds, tools or prototypes,
which may contain, embody or make use of the Confidential Information; promptly delivery to the Company any such matter as the Company may direct at any time, and not retain any copies or other reproductions thereof. 
 (c) Executive further agrees (i) that Executive shall promptly disclose in writing to the Company all ideas, inventions, improvements and
discoveries which may be conceived, made or acquired by Executive as the direct or indirect result of the disclosure by the Company of the Confidential Information to Executive; (ii) that all such ideas, inventions, 

  

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improvements and discoveries conceived, made or acquired by Executive, alone or with the assistance of others, relating to the Confidential Information in
accordance with the provisions hereof and that Executive shall not acquire any intellectual property rights under this Agreement except the limited right to use set forth in this Agreement; (iii) that Executive shall assist in the preparation
and execution of all applications, assignments and other documents which the Company may deem necessary to obtain patents, copyrights and the like in the United States and in jurisdictions foreign thereto, and to otherwise protect the Company.

 (d) Excluded from the Confidential Information, and therefore not subject to the provisions of this Agreement, shall be any information
which the Executive can show (i) at the time of disclosure, is in the public domain as evidenced by printed publications; (ii) after the disclosure, enters the public domain by way of printed publication through no fault of the Executive;
(iii) by written documentation was in its possession at the time of disclosure and which was not acquired directly or indirectly from the Company; or (iv) by written documentation was acquired, after disclosure, from a third party who did
not receive it from the Company, and who had the right to disclose the information without any obligation to hold such information confidential. The foregoing exceptions shall apply only from and after the date that the information becomes generally
available to the public or is disclosed to the Executive by a third party, respectively. Specific information shall not be deemed to be within the foregoing exceptions merely because it is embraced by more general information in the public domain.
Additionally, any combination of features shall not be deemed to be within the foregoing exceptions merely because individual features are in the public domain. If the Executive intends to avail himself/herself of any of the foregoing exceptions,
the Executive shall notify the Company in writing of his/her intention to do so and the basis for claiming the exception. 
 (e) Upon written
request of the Company, Executive shall immediately return to the Company all written materials containing the Confidential Information as well as any other books, records and accounts relating in any manner to the Company or the Business. Executive
shall also deliver to the Company written statements signed by Executive certifying all materials have been returned within five days of receipt of the request. 
 9. ACKNOWLEDGMENT BY EXECUTIVE. The Executive acknowledges and confirms that (a) the restrictive covenants contained in this Agreement are reasonably necessary to protect the legitimate business interests
of the Company, and (b) the restrictions contained herein (including without limitation the length of the term of the provisions of the covenant not to compete) are not overbroad, overlong, or unfair and are not the result of overreaching,
duress or coercion of any kind. The Executive further acknowledges and confirms that his full, uninhibited and faithful observance of each of the covenants contained herein will not cause him any undue hardship, financial or otherwise, and that
enforcement of each of the covenants contained herein will not impair his ability to obtain employment commensurate with his abilities and on terms fully acceptable to him or otherwise to obtain income required for the comfortable support of him and
his family and the satisfaction of the needs of his creditors. The Executive acknowledges and confirms that his special knowledge of the business of the Company is such as would cause the Company serious injury or loss if he were to use such ability
and knowledge to the benefit of a competitor or were to compete with the Company in violation of the terms hereof. The Executive further acknowledges that the restrictions contained herein are intended to 

  

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be, and shall be, for the benefit of and shall be enforceable by, the Company’s successors and assigns. 
 10. INJUNCTION. It is recognized and hereby acknowledged by the parties hereto that a breach by the Executive of any of the covenants contained in
Sections 7 and 8 of this Agreement will cause irreparable harm and damage to the Company, the monetary amount of which may be virtually impossible to ascertain. As a result, the Executive recognizes and hereby acknowledges that the Company shall be
entitled to an injunction from any court of competent jurisdiction enjoining and restraining any violation of any or all of the covenants contained in Sections 7 and 8 of this Agreement by the Executive or any of his affiliates, associates, partners
or agents, either directly or indirectly, and that such right to injunction shall be cumulative and in addition to whatever other remedies the Company may possess. In addition, upon any violation of the covenants contained in Sections 7 and 8, all
severance payments and benefits to which the Executive may be entitled to hereunder shall immediately cease and be without further force and effect. 
 11. SURVIVAL. The provisions of Sections 7 through 24 shall survive the termination of this Agreement, as applicable. 
 12. NOTICES. All notices required or permitted to be given hereunder shall be in writing and shall be personally delivered by courier, sent by registered or certified mail, return receipt requested or sent by
confirmed facsimile transmission addressed as set forth herein. Notices personally delivered, sent by facsimile or sent by overnight courier shall be deemed given on the date of delivery and notices mailed in accordance with the foregoing shall be
deemed given upon the earlier of receipt by the addressee, as evidenced by the return receipt thereof, or three (3) days after deposit in the U.S. mail. Notice shall be sent to the addresses set forth in the introductory paragraph of this
Agreement, or to such other address as either party hereto may from time to time give notice of to the other. 
 13. HEADINGS. All
sections and descriptive headings of this Agreement are inserted for convenience only, and shall not affect the construction or interpretation hereof. 
 14. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which, when executed and delivered, shall be an original, but all counterparts shall together constitute on e and the same
instrument. 
 15. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and, upon its effectiveness, shall supersede all prior agreements, understandings and arrangements, both oral and written, between the Executive and the Company (or any of its Affiliates) with respect to such subject matter.
This Agreement may not be modified in any way unless by a written instrument signed by both the Company and the Executive. 
 16.
GOVERNING LAW. This Agreement is to be construed and enforced according to the laws of the State of Florida. The prevailing party shall be entitled to recover legal fees and costs from the other party in any dispute hereunder. The parties
agree to accept any service of 

  

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process by mail and to the exclusive venue of courts of competent jurisdiction located in Broward County, Florida in any dispute arising out of the
employment by the Company of the Executive, compensation or any damages in respect thereof. 
 17. CONSTRUCTION. This Agreement shall
not be construed more strictly against one party than the other, merely by virtue of the fact that it may have been prepared by counsel for one of the parties, it being recognized that both Company and Executive have contributed substantially and
materially to the negotiation and preparation of this Agreement. 
 18. SEVERABILITY. Inapplicability or unenforceability of any
provision of this Agreement shall not limit or impair the operation or validity of any other provision of this Agreement or any such other instrument. 
 19. NON-ASSIGNABILITY. The Executive shall not have the right to assign or delegate his rights or obligations hereunder, or any portion thereof, to any other person. 
 20. BINDING EFFECT. This Agreement shall be for the benefit of and binding upon the parties hereto and their respective heirs, personal
representatives, legal representatives, successors and, where applicable, assigns, including, without limitation, any successor to the Company, whether by merger, consolidation, sale of stock, sale of assets or otherwise. 
 21. WAIVERS. The waiver by either party hereto of a breach or violation of any term or provision of this Agreement shall not operate nor be
construed as a waiver of any subsequent breach or violation. 
 22. INDEMNIFICATION. The Company agrees that if the Executive is made
a party or is threatened to be made a party to any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), by reason of the fact that the Executive is or was a trustee, director or officer of
the Company or any subsidiary of the Company or is or was serving at the request of the Company or any subsidiary as a trustee, director, officer, member, employee or agent of another corporation or a partnership, joint venture, trust or other
enterprise, including, without limitation, service with respect to employee benefit plans, whether or not the basis of such Proceeding is alleged action in an official capacity as a trustee, director, officer, member, employee or agent while serving
as a trustee, director, officer, member, employee or agent, the Executive shall be indemnified and held harmless by the Company to the fullest extent authorized by Delaware law, as the same exists or may hereafter be amended, against all expenses
incurred or suffered by the Executive in connection therewith, and such indemnification shall continue as to the Executive even if the Executive has ceased to be an officer, director, trustee or agent, or is no longer employed by the Company and
shall inure to the benefit of his heirs, executors and administrators. 
 23. NO THIRD PARTY BENEFICIARY. Nothing expressed or implied
in this Agreement is intended, or shall be construed, to confer upon or give any person other than the Company, the parties hereto and their respective heirs, personal representatives, legal representatives, successors and assigns, any rights or
remedies under or by reason of this Agreement. 
 24. NON-DISPARAGEMENT. During the term of Executive’s employment and
thereafter, neither the Executive nor the Company’s, directors and officers shall disparage each other. 
 25. WAIVER OF JURY
TRIAL. EACH OF THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION HEREWITH, OR ANY COURSE OF
CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE COMPANY ENTERING INTO THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR OUT OF THE EMPLOYMENT OF
EXECUTIVE BY THE COMPANY, COMPENSATION OR ANY DAMAGES IN RESPECT THEREOF. 
 [Signatures Begin on Following Page] 
  

 12 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

			
	ELANDIA, INC.
		
	By:	 	/s/ Harley L. Rollins
	Name:	 	Harley L. Rollins
	Title:	 	Chief Financial Officer
	
	EXECUTIVE
	
	/s/ Harry Hobbs
	      Harry Hobbs

  

 13Employment Agreement

 Exhibit 10.41 
 EMPLOYMENT AGREEMENT 
 This Agreement is entered into by and between AST Telecom, LLC, a Delaware
limited liability company (“ASTT” or “the Company”), (a subsidiary of eLandia Solutions, Inc., a Delaware corporation (“eLandia”)), and Barry I. Rose (“Executive”). 
 RECITALS 
 Executive is an experienced
executive who is willing and able to serve as President of ASTT’s operations in American Samoa and Samoa (the “Samoas”); 
 ASTT will provide Executive with certain compensation and benefits as more specifically set forth herein. 
 NOW, THEREFORE, in
consideration of the mutual covenants herein contained, and other good and valuable consideration, the parties agree as follows: 
 1.
Term. ASTT and Executive agree that Executive will be employed by ASTT for an initial term of three years beginning February 1, 2006 (the “Effective Date”) and continuing until January 31, 2009, unless employment is sooner
terminated as provided herein. 
 2. Position and Duties. ASTT and Executive agree that Executive will be employed as the President of
ASTT’s operations in the Samoas, and that in such role he shall report to the Chief Operating Officer of eLandia (the “COO”). Executive’s responsibilities and duties shall include general and active overall management and control
of the affairs and business of ASTT in the Samoas, including business development and future ventures, consistent with the function of a President. The managers of ASTT’s business divisions in the Samoas shall report to Executive.
Executive’s duties shall further include such other related managerial responsibilities and executive duties as may be reasonably assigned to him from time to time by the Chief Operating Officer of eLandia commensurate with his position as
President. Executive shall serve on the ASTT Board of Managers. 
 2.1 Executive agrees that during the term of this Agreement, he will
devote his best efforts, entire productive time, ability and attention to the business of ASTT. Further, during the term of this Agreement, Executive will not, without the prior written consent of ASTT, directly or indirectly engage in any
employment, management, consulting or other activity which would interfere or conflict with the performance of his duties or obligations to ASTT; provided that it is understood and agreed that Executive will continue to devote approximately 10-15
hours per week to the management of his law firm, Rose Joneson Vargas. 
 2.2 The parties acknowledge that Executive’s law firm, Rose
Joneson Vargas, currently performs certain legal services for ASTT, and subject to the continuing approval of ASTT and eLandia’s COO, is likely to continue to provide certain legal services to the Company during the term of this Agreement. Such
legal services shall be provided by Rose Joneson Vargas to the extent no conflict of interest exists between Executive and the Company with 

 
respect to the subject matter of such legal services. In his capacity as President, Executive will from time to time perform these legal services for the
Company solely in American Samoa where he is licensed to practice in connection with those matters for which he is qualified and where it is practical for him to do so in light of his other management responsibilities. At no time will Rose Joneson
Vargas bill ASTT for Executive’s legal services. Notwithstanding anything herein, the parties understand and agree that the provision of any legal services by Executive for ASTT shall be secondary to and not included within the duties or
responsibilities of Executive under this Agreement. 
 2.3 All policies published by ASTT or eLandia or delivered to the Executive prior to
or following this Agreement regarding employment policies, required behavior by employees and other similar matters (collectively referred to as “Company Policies”) are incorporated within this Agreement as though fully set forth in this
Agreement. The Executive agrees to be bound by and adhere to all such Company Policies as presently exist or as may be hereafter issued or modified by ASTT or eLandia. Without limiting the foregoing, the Executive agrees to conduct business on
behalf of ASTT in a manner consistent with proper and ethical business practices and consistent with the best interests of ASTT and eLandia. To the extent any Company Policies are inconsistent with or contrary to the provisions of this Agreement,
this Agreement shall prevail. 
 2.4 ASTT understands and agrees that it is the intention of Executive to relocate his home to Honolulu in
June of 2006, and that after that date, he will perform the services called for under this Agreement from such location, with travel to the Samoas and elsewhere as appropriate and necessary. 
 3. Compensation. 
 3.1 Base
Salary. For all services rendered by Executive under this Agreement, ASTT shall pay Executive a gross base salary of One Hundred Seventy-Five Thousand Dollars ($175,000.00) per annum. Executive’s base salary shall be increased by 2.5% on
each annual anniversary date of this Agreement. Executive shall be paid this salary consistent with the Company’s payroll policies and procedures for all employees, subject to all applicable payroll deductions. 
 3.2 Bonus. Executive shall also be included in the bonus or other variable compensation programs of the senior management of eLandia and its
subsidiaries as may be implemented from time to time. 
 4. Business Expenses. ASTT agrees to reimburse Executive for all reasonable
business expenses incurred by Executive while on ASTT business, subject to ASTT’s normal business expense policies, to the extent not otherwise provided for in this Agreement. The Executive shall account to the Company in writing for all
expenses for which reimbursement is sought and shall supply to the Company copies of all relevant invoices, receipts or other evidence reasonably requested by the Company as will be necessary to enable ASTT to properly deduct such items as business
expenses when computing ASTT’s taxes. 
  

 2 

 5. Fringe Benefits. 
 5.1 401(k). Executive and ASTT agree that during the term of this Agreement, Executive will be eligible to participate in ASTT’s 401(k) or other profit sharing plan, in accordance with the rules
established for individual participation in any such plan and under applicable law. 
 5.2 Automobile Allowance. ASTT will provide
Executive with a monthly automobile allowance of $800. 
 5.3 Housing and Transportation in the Samoas. Subsequent to Executive’s
move to Hawaii, ASTT will provide Executive and his spouse with reasonable and appropriate housing and transportation for their use when traveling to the Samoas in connection with ASTT business. 
 5.4 Honolulu Office. ASTT will provide Executive and his spouse with adequate office facilities in the Honolulu area after his move to Honolulu.
Such facilities shall be suitable to Executive’s position and adequate for the performance of his duties hereunder. 
 5.5 Other
Fringe Benefits. Executive shall be entitled to receive from ASTT such other fringe benefits as are generally accorded to employees of ASTT, including fifty (50%) percent of the cost of health club membership, and group health insurance or
allowance, all subject to the terms and conditions generally applicable to such ASTT fringe benefit plans. ASTT reserves the right to modify or terminate such fringe benefit plans at its discretion, provided such changes are applicable to all
covered ASTT employees. 
 6. Vacation. During each fiscal year of the Company, Executive shall be entitled to four (4) weeks of
vacation time to be utilized or paid for each year, or accrue and carry over into the following year (thereafter, any unused vacation time shall expire). Upon termination of this Agreement, Executive shall be paid for any accrued and unused vacation
time for the year in which the termination occurs (any carry over amount from prior year(s) shall not be paid). 
 7. Restrictive
Covenants. 
 7.1 Executive’s Acknowledgement. Executive agrees and acknowledges that in order to assure ASTT that it will
retain its value as a going concern, it is necessary that Executive undertake not to utilize his special knowledge of ASTT and his relationships with customers and suppliers to compete with ASTT. Executive further acknowledges that:
(a) Executive will occupy a position of trust and confidence with ASTT, and during Executive’s employment with ASTT, Executive has and will continue to become familiar with ASTT’s trade secrets and with other proprietary and
confidential information concerning ASTT; (b) the agreements and covenants contained in this Article 7 are essential to protect ASTT, its goodwill, and its proprietary and confidential information; and (c) Executive’s role with
ASTT has special, unique and extraordinary value to ASTT and ASTT would be irreparably damaged if Executive were to provide services to any person or entity in violation of the provisions of this Agreement. For the purposes of this Article 7,
“ASTT” shall include its subsidiaries, affiliates and assignees and any successors in interest of its subsidiaries and/or affiliates. 
  

 3 

 7.2 Non-Compete. Executive hereby agrees that during the term of this Agreement and for a
period commencing on the date of termination of his employment with LBI or ASTT or their assigns and ending eighteen (18) months later, (the “Restricted Period”), he shall not, directly or indirectly, as employee, agent, consultant,
member, stockholder, director, partner or in any other individual or representative capacity, own, operate, manage, control, engage in, invest in or participate in any manner in, act as a consultant or advisor to, render services for (alone or in
association with any person, firm, corporation or entity), or otherwise assist any person or entity (other than ASTT) that engages in or owns, invests in, operates, manages or controls any venture or enterprise that directly or indirectly engages or
proposes to compete with ASTT and in the geographic areas in which ASTT operated or was actively planning on operating as of date of termination of the Employee’s employment (the “Territory”); provided, however, that nothing contained
herein shall be construed to prevent Executive from investing in the stock of any competing corporation listed on a national securities exchange or traded in the over-the-counter market, but only if Executive is not involved in the business of said
corporation and if Executive and his associates (as such term is defined in Regulation 14(A) promulgated under the Securities Exchange Act of 1934, as in effect on the date hereof), collectively, do not own more than an aggregate of five
(5%) percent of the stock of such corporation. 
 7.3 Interference with Relationships. During the Restricted Period,
Executive shall not, directly or indirectly, as employee, agent, consultant, stockholder, member, director, co-partner or in any other individual or representative capacity render assistance to any other person or entity who attempts to:
(i) employ or engage, recruit or solicit for employment or engagement, any person who is or becomes employed or engaged by ASTT during the Restricted Period, or otherwise seek to influence or alter any such person’s relationship with ASTT,
or (ii) solicit or encourage any present or future customer of ASTT, to terminate or otherwise alter his, her or its relationship with ASTT. 
 7.4 Confidential Information. It is understood and agreed that as a result of Executive’s employment with ASTT, Executive will acquire and make use of confidential information about ASTT and its business, and ASTT’s
suppliers and customers, such information constituting trade secrets. During the course of his employment with ASTT and thereafter, Executive shall keep secret and retain in strictest confidence, and shall not, without the prior written consent of
ASTT, furnish, make available or disclose to any third party (except in furtherance of ASTT’s business activities and for the sole benefit of ASTT) or use for the benefit of himself or any third party, any Confidential Information. As used in
this Agreement, “Confidential Information” shall mean any information relating to the business or affairs of ASTT or its business, including but not limited to information relating to financial statements, customer identities, potential
customers, employees, suppliers, servicing methods, equipment, programs, strategies and information, analyses, profit margins, or other proprietary information used by ASTT in connection with its business; provided, however, that Confidential
Information shall not include any information which is in the public domain or becomes known outside ASTT by persons who are not associated with ASTT and do not have an obligation of confidentiality to ASTT with respect to such information through
no wrongful act on the part of Executive. Executive acknowledges that the Confidential Information is vital, sensitive, confidential and proprietary to ASTT. Executive further agrees that on termination of this Agreement, or at any time on request
by the Employer, he shall deliver possession to ASTT of all Confidential Information and all documents, writings, and other things of every kind and description 

  

 4 

 
prepared or acquired in connection with ASTT business or at ASTT expense or in the course of Executive’s employment or that contain ASTT proprietary
information including all copies of the same. 
 7.5 Modification. If any court of competent jurisdiction shall at any time deem the
term of this Agreement or any particular restrictive covenant contained in Section 7 too lengthy or the Territory too extensive, the other provisions of this Article 7 shall nevertheless stand, the Restricted Period herein shall be deemed
to be the longest period permissible by law under the circumstances, and the Territory herein shall be deemed to comprise the largest territory permissible by law under the circumstances. The court in each case shall reduce the time period and/or
Territory to permissible duration or size. 
 7.6 Ownership of Developments. All copyrights, patents, trade secrets, or other
intellectual property rights associated with any ideas, concepts, techniques, inventions, processes, or works of authorship developed or created by Executive during the course of performing work for the Company or its clients shall be deemed to be
work product and shall belong exclusively to the Company. 
 7.7 Books and Records. All books, records, and accounts relating in any
manner to the customers or clients of the Company, whether prepared by the Executive or otherwise coming into the Executive’s possession, shall be the exclusive property of the Company and shall be returned immediately to the Company on
termination of the Executive’s employment hereunder or on the Company’s request at any time 
 7.8 Extension of Time. If the
Executive shall be in violation of any provision of this Section 7, then each time limitation set forth in this Section 7 shall be extended for a period of time equal to the period of time during which such violation or violations occur.
If the Company seeks injunctive relief from such violation in any court, then the covenants set forth in this Section 7 shall be extended for a period of time equal to the pendency of such proceeding including all appeals by the Executive.

 7.9 Injunction. It is recognized and hereby acknowledged by the parties hereto that a breach by the Executive of any of the
covenants contained in Section 7 of this Agreement will cause irreparable harm and damage to the Company, the monetary amount of which may be virtually impossible to ascertain. As a result, the Executive recognizes and hereby acknowledges that
the Company shall be entitled to an injunction from any court of competent jurisdiction enjoining and restraining any violation of any or all of the covenants contained in Section 7 of this Agreement by the Executive or any of his affiliates,
associates, partners or agents, either directly or indirectly, and that such right to injunction shall be cumulative and in addition to whatever other remedies the Company may possess. 
 8. Termination. This Agreement shall be terminated upon the occurrence of any one of the following events: 
 8.1 Upon the death of Executive. 
 8.2 If Executive shall have been incapacitated from illness, accident or other disability and unable to perform his normal duties hereunder for a cumulative period of three (3) months, upon ASTT or Executive giving the other party
not less than thirty (30) days’ notice. 
  

 5 

 8.3 Expiration of this Agreement or any renewal or extension thereof. 
 8.4 Immediately by ASTT for cause, by a majority vote of the Board of Managers as a result of the occurrence of one or more of the following:

 (a) Executive’s willful misconduct or gross negligence in performance of his duties hereunder; 
 (b) Executive’s refusal to comply in any material respect with the legal directives of the Company’s Board of Managers or COO of
eLandia so long as such directives are not inconsistent with the Executive’s position and duties, and such refusal to comply is not remedied within 30 working days after written notice from the Board of Managers or COO of eLandia (as the case
may be  , which written notice shall state that failure to remedy such conduct may result in termination for cause; 
 (c) Dishonest or fraudulent conduct, a deliberate attempt to do an injury to the Company, or conduct that materially discredits the Company, including conviction of a felony or a plea of nolo contendere to a felony; or 
 (d) Executive’s material breach of the provisions of this Agreement which has not been cured within 30 days of Executive’s
receipt of written notice of such breach, specifying in reasonable detail the nature of the breach. 
 8.5 By ASTT without cause upon
at least sixty (60) days’ notice to the Executive, which determination may be made by ASTT at any time at ASTT’s sole discretion, for any or no reason. 
 8.6 By mutual written consent. 
 8.7 By Executive’s resignation for Good Reason. “Good
Reason” is defined as the occurrence of any of the following: (i) Any requirement that Executive relocate outside of American Samoa prior to June of 2006, or away from Honolulu after June of 2006; (ii) A material breach of this
Agreement by the Company; (iii) Executive is removed from or not re-elected to the Board of Managers; (iv) Executive has a material reduction in his position, status, duties or responsibilities, or is assigned duties materially
inconsistent with his position. 
 9. Effect of Termination. Upon termination of Executive’s employment with Employer, ASTT
agrees to pay Executive all salary which is due and owing to Executive as of the date of termination, less legal deductions or offsets Executive may owe to ASTT for such items as salary advances or loans. Executive agrees that his signature on this
Agreement constitutes his authorization for all such deductions. Executive agrees to return to ASTT all of ASTT’s property of any kind which may be in Executive’s possession. In the event of termination of this Agreement, the terms and
provisions of this Agreement shall also terminate, with the exception of the restrictive covenants contained in Section 7 and any other provisions that expressly address post-termination issues. Such provisions shall continue in full force and
effect according to their terms. 
  

 6 

 10. Severance. Upon termination of Executive’s employment by ASTT without cause pursuant to
Section 8.5 or by Executive for Good Reason pursuant to Section 8.7 herein, Executive shall be entitled to receive as severance an amount equal to all remaining salary payments (based on his salary in effect on the date of termination)
which would have been payable to Executive for the remainder of the term under this Agreement, up to a maximum of six (6) months of salary; provided, however, that if the termination occurs within the first year of the term, the payment shall
equal the greater of six (6) months or the number of full months remaining in the first year of the term (plus a pro-rated month, if applicable), payable over the severance period in accordance with ASTT’s normal payroll practices. In
addition, ASTT shall continue to provide Employee with the same group health insurance benefits as other senior executives of the Company for the same period described in the preceding sentence, or until Employee obtains comparable alternative
coverage from another employer, whichever occurs first. 
 11. Construction of Agreement. 
 11.1 Essential Terms and Modification of Agreement. It is understood and agreed that the terms and conditions described in this Agreement
constitute the essential terms and conditions of the employment arrangements between Executive and ASTT, all of which have been voluntarily agreed upon. ASTT and Executive agree that there are no other essential terms or conditions of the employment
relationship that are not described within this Agreement, and that any change in the essential terms and conditions of this Agreement will not be effective until it is written down in a supplemental agreement which shall be signed by a
duly-authorized representative of all parties. 
 11.2 Severability. If any term, covenant, condition or provision of this
Agreement or the application thereof to any person or circumstance shall, at any time, or to any extent, be determined invalid or unenforceable, the remaining provisions hereof shall not be affected thereby and shall be deemed valid and fully
enforceable to the extent permitted by law. 
 11.3 Notices. Any notice hereunder shall be in writing and shall be deemed given
and effective (i) when delivered personally, by fax (with confirmed delivery), or by overnight express or other commercial express service, or (ii) three (3) days after the postmark date if mailed by certified or registered mail,
postage prepaid, return receipt requested, addressed to a party at its address stated below or to such other address as such party may designate by written notice to the other party in accordance with the provisions of this Section. 
  

							
		  	a.	  	If to Executive:	  	Barry I. Rose
		  		  		  	P.O. Box 3501
		  		  		  	Pago Pago, American Samoa 96799
				
		  	b.	  	If to ASTT:	  	AST Telecom, LLC
		  		  		  	Attn: Nelson Tanaka
		  		  		  	P.O. Box 478
		  		  		  	Pago Pago, American Samoa 96799

  

 7 

							
		  		  	With a copy to:	  	eLandia Solutions, Inc.
		  		  		  	1500 Cordova Road, Ste. 300
		  		  		  	Fort Lauderdale, Florida
		  		  		  	U.S.A. 33316
		  		  		  	Attention: Chief Operating Officer
		  		  		  	Facsimile No.: (954) 728-9080

 11.4 Governing Law. This Agreement is made and shall be construed and performed under
the laws of American Samoa without reference to any choice of law rules. 
 11.5 Waiver of Agreement. The waiver by any party of
a breach of any provision of this Agreement by another party shall not operate or be construed as a waiver of any subsequent breach. 
 11.6 Captions. The captions and headings of the sections and subsections of this Agreement are for convenience and reference only and are not to be used to interpret or define the provisions hereof. 
 11.7 Assignment and Successors. The rights and obligations of Executive and of ASTT hereunder are non-assignable. 
 11.8 No Representations. Executive acknowledges that he is not relying, and has not relied, on any promise, representation or statement made by or
on behalf of ASTT that is not set forth in this Agreement. 
 11.10 No Restrictions. Executive affirms that he is under no
obligation that would interfere with or prohibit his employment with ASTT under this Agreement, including any covenants not to compete with previous employers. 
 11.11 No Duty to Mitigate. Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall any such payment be reduced by any earnings that Executive may receive
from any other source. 
 11.12 Attorneys’ Fees. In any action to enforce this Agreement, the prevailing party in such action
shall be entitled to its legal costs actually incurred, including reasonable attorneys’ fees. 
  

 8 

 Executed this 31st day of January, 2006 
  

	
	 /s/ Barry I . Rose

	 BARRY I. ROSE

  

			
	AST TELECOM LLC
	
	BY ITS MANAGERS

  

			
		
	BY:	 	 /s/ Osvaldo Pi

		 	 OSVALDO PI

		
	BY:	 	 /s/ Daniel Bogar

		 	 DANIEL BOGAR

		
	 BY:
	 	  

		 	 BARRY ROSE

  

 9

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