Document:

Exhibit 10.3

                      NON-QUALIFIED STOCK OPTION AGREEMENT

      THIS NON-QUALIFIED STOCK OPTION AGREEMENT is made as of ___________ ___,
20___ between YDI WIRELESS, INC., a corporation organized under the laws of the
State of Delaware (hereinafter called the "Corporation"), and _________________
(hereinafter referred to as the "Optionee").

      WHEREAS, the Optionee is a director of the Corporation and the Corporation
considers it desirable and in its best interests to compensate the Optionee for
such services by granting Optionee an option to purchase shares of Common Stock,
par value $.01 per share, of the Corporation under its 2004 Stock Plan (the
"Plan");

      NOW, THEREFORE, it is agreed as follows:

      1. Grant of Option. The Corporation hereby grants to the Optionee as of
the date of this Agreement ("Date of Grant") the right, privilege and option to
purchase not more than 15,000 shares of the Common Stock of the Corporation, par
value $.01 per share, as constituted on the date of this Agreement pursuant to
the terms, provisions and conditions of the Plan which is incorporated herein
and made a part hereof by reference as if fully set forth herein at length and
subject to the terms, provisions and conditions set forth below.

      2. Option Price. The option price per share of Common Stock as constituted
on the date of this Agreement, as determined in accordance with the Plan, shall
be $________ per share.

      3. Time of Exercise; Acceleration. This option is vested in full
immediately. Only vested stock options may be exercised. This option may be
exercised in whole or in part as to shares which have vested for not in excess
of the difference between (i) the total number of shares then vested and (ii)
the total number of shares as to which the option has been previously exercised.
No partial exercise of this option within any year may be for less than 100
shares (or the remaining shares purchasable under this option if less than 100
shares).

      4. Method of Exercise. This option shall be exercisable from time to time
as provided above by written notice in the form of Exhibit "A", signed by the
person entitled to exercise the option, setting forth in terms of shares of
Stock as constituted on the date of this Agreement, the number of shares as to
which this option is being exercised. Such notice shall be delivered to the
Corporation at its principal place of business and be accompanied by the
purchase price. Alternatively, the person entitled to exercise the option may
exercise the option and pay the purchase price by any other method that may be
authorized by the Corporation from time to time. The Corporation shall make
prompt delivery of the shares of Stock as to which the option is exercised
against payment of the purchase price; provided, however, that if any law or
regulation requires the Corporation to take any action with respect to the Stock
before the issuance thereof, then the date of delivery of the Stock shall be
extended for the period necessary to take such action.

<PAGE>

      5. Further Limitations on Exercise.

            A. Termination of Service.

                  (i) If Optionee's service to the Corporation terminates other
than by reason of death or Disability, (a) no further vesting of this option
will occur subsequent to the date of termination, and (b) this option will
terminate on the date three months after the date of termination or on the
option's specified expiration date, if earlier. Nothing in this Agreement will
be deemed to give the Optionee the right to continued service to the
Corporation.

                  (ii) If Optionee's service to the Corporation is terminated
due to the Optionee's death or Disability, this option may be exercised, up to
that portion of the option which the Optionee could have exercised on the date
of death or Disability, by the Optionee, or in the case of death, the Optionee's
estate, personal representative or any beneficiary who has acquired the options
by will or by the laws of descent and distribution, at any time prior to the
earlier of the specified expiration date of this option or one year after the
Optionee's death or Disability.

            B. Payment. The option price shall be paid as follows: (i) by check,
and/or (ii) to the extent the Stock is publicly traded, by delivery to the
Corporation by the Optionee of Stock already owned by such Optionee, properly
endorsed and having a fair market value equal to the purchase price (if
permitted by the Corporation) and/or (iii) in any other manner permitted by the
Corporation from time to time. For purposes of this Section 5(B), the market
value of such stock to be delivered to the Corporation in payment of the option
price shall be determined in accordance with the Plan.

            C. Non-Transferability. This option is not transferable by the
Optionee, except by will or by laws of descent and distribution, and is
exercisable during the Optionee's lifetime only by the Optionee.

            D. Adjustment. If a dividend is declared upon the Stock payable in
Stock, then the shares of Stock then subject to this option (and the number of
shares reserved for issuance) shall be increased proportionately without any
change in the aggregate purchase price. If the outstanding Stock is changed into
or exchanged for a different number or class of shares of stock of the
Corporation or of another corporation, whether through reorganization,
recapitalization, stock split-up, combination of shares, merger or
consolidation, then (i) there shall be substituted for each such share of Stock
then subject to this option (and for each share reserved for issuance) the
number and class of shares of Stock into which each outstanding share of Stock
is so changed or exchanged, all without any change in the aggregate purchase
price for the shares then subject to this option and (ii) the vesting schedule
set forth in Section 3 above shall also be adjusted proportionately to reflect
the impact of such reorganization, recapitalization, stock split-up, combination
of shares, merger or consolidation.

            E. Withholding Taxes. Whenever under this Agreement Stock is to be
issued, the Corporation shall have the right to require the recipient to remit
to the Corporation an

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<PAGE>

amount sufficient to satisfy federal, state and local withholding tax
requirements prior to delivery of any certificate or certificates representing
the Stock.

      6. Stock Ownership. An optionee shall be entitled to the privilege of
stock ownership only as to such shares of Stock as are issued upon exercise of
this option.

      7. Requirements of Law. The granting of this option and issuance of shares
of Stock upon the exercise of this option shall be subject to compliance with
all of the applicable requirements of law with respect to the issuance and sale
of such shares.

      8. Expiration Date. This option and all rights granted in this Agreement
shall, in all events, expire five (5) years from the Date of Grant.

      9. Legend. The Optionee hereby agrees that the stock certificates
delivered upon exercise of this option may bear a legend or legends in the form
designated by the Corporation to ensure compliance with legal or contractual
restrictions.

      10. Definitions. Unless otherwise defined in this Agreement, the terms
used in this Agreement shall have the same meanings as in the Plan. The term
"Stock" shall mean shares of Common Stock of the Corporation as constituted on
the date of this Agreement and such other stock as shall be substituted therefor
or issued thereon as provided in Section 5(D) above or as shall be substituted
for or issued upon or in exchange for Stock issued pursuant to the options.

      11. Notices. All notices under this Agreement shall be sufficient if in
writing and delivered in hand or mailed, registered or certified mail, postage
prepaid, and addressed to the Corporation at YDI WIRELESS, INC., 8000 Lee
Highway, Falls Church, VA 22042, Attention: Chief Financial Officer or to the
Optionee at the address set forth under the Optionee's signature below. Either
party may change the address to which notices shall be delivered by like notice
given at least ten (10) days before the effective date of such change of
address.

      12. Binding Effect. This Agreement shall be binding upon and inure to the
benefit of the Corporation, its successors and assigns, and the Optionee, his
legal representatives, heirs, legatees and assigns.

      13. Governing Law. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Delaware.

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<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as a sealed instrument all as of the date and year first above written.

                                            YDI WIRELESS, INC.

                                            By:
                                               ---------------------------------
                                            Title:
                                                  ------------------------------

                                            OPTIONEE

                                            ------------------------------------

                                            Name:
                                                 --------------------------

                                                 --------------------------

                                                 --------------------------

                                       4
<PAGE>

                                    EXHIBIT A
                                    ---------

                                         --------------------------------
                                                      (date)

YDI WIRELESS, INC.
20 Industrial Drive East
South Deerfield, MA  01373

Ladies and Gentlemen:

      I wish to exercise my option to purchase ______ shares of common stock,
par value $.01 per share (the "Securities") at a price of $______ per share
pursuant to the Non-Qualified Stock Option Agreement dated as of ______________
___, 20__ (the "Agreement") under the Corporation's 2004 Stock Plan (the
"Plan").

Check one of the following boxes:

|_| I have enclosed a check for $_____________________ (the exercise amount).

|_| I am paying the exercise price by the following means which has been
approved by the company:_______________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________.

      I understand that the Shares will be subject to the restrictions and other
terms set forth in the Plan and the Agreement and that any certificate I receive
representing the Shares may contain legends reflecting these restrictions and
terms.

                                        Very truly yours,

---------------------------------       ----------------------------------------
Optionee Social Security Number         Optionee Signature (on line above)
                                        Optionee Name (printed):________________

                                 Address to which certificates are to be sent
Optionee's Home Address:         (complete ONLY if different than home address):

----------------------------     -----------------------------------------------

----------------------------     -----------------------------------------------

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                                       5Exhibit 10.4

                              EMPLOYMENT AGREEMENT

This EMPLOYMENT  AGREEMENT  ("Agreement")  by and between YDI Wireless,  Inc., a
Delaware   corporation   (the   "Company"),   and  Robert  E.   Fitzgerald  (the
"Executive"),  is dated and entered  into as of  February 9, 2005 (the  "Signing
Date") but is  effective  (except  as  otherwise  specifically  noted) as of the
Effective Date defined below in Section 4 hereof.

                                    RECITALS

      WHEREAS:  The Company is duly incorporated and organized under the laws of
      the State Delaware and is authorized to engage in any lawful business;

      WHEREAS: The Company desires to continue the Executive's employment and to
      have him render  full-time  services for it and to prevent the services of
      Executive from being used by its competitors; and

      WHEREAS:  The  Executive is willing to continue  rendering  his  full-time
      services for the Company in  accordance  with and subject to the terms and
      conditions of this Agreement,

      ACCORDINGLY, the parties hereby agree as follows:

                                    AGREEMENT

1.    Position. The Company will continue to employ Executive and Executive will
      continue to accept employment by the Company as Chief Executive Officer of
      the Company under the terms of this Agreement. Executive shall continue to
      be a member of the Board of Directors of the Company (the "Board").

2.    Devotion of Time and Energies.  Executive will devote substantially all of
      his  business  time and  attention to the  performance  of services to the
      Company under this Agreement;  provided,  however, that Executive may, (a)
      upon  receipt  of prior  permission  from  the  Board,  which  will not be
      unreasonably  withheld  (or  unreasonably  revoked  once  it is  initially
      given),  devote  reasonable  periods  of time to  serving  on  boards as a
      director  of  other  corporations  or  to  miscellaneous   management  and
      technical  advisory  services  for other  non-competitive  companies,  (b)
      engage in charitable or community service activities,  and, (c) manage his
      own personal affairs and investments,  in each case as long as none of the
      foregoing  additional  activities  materially  interferes with Executive's
      duties  under  this  Agreement.  The  Company  acknowledges  that  it  has
      previously given Executive  permission to continue certain of his business
      relationships.

3.    Duties and Authority.  As Chief  Executive  Officer,  Executive shall have
      responsibility  for overall  management and  administration of the Company
      including, without limitation, financial performance, strategic direction,
      promotional  and  technical  services,  and such other tasks in connection
      with the affairs and overall operation of the Company as are customary for
      a  chief   executive   officer  of  a  public   company  in  the  wireless
      communications and equipment  business.  Subject to the provisions of this
      Section  3,  Executive  agrees  to act in  accordance  with the  Company's
      business  plan,  as it may be  amended  from  time to  time by the  Board.
      Executive shall

                                       -1-
<PAGE>

      report  solely and  directly  to the  Board.  All other  employees  of the
      Company or any of its'  controlled  subsidiaries  shall report  solely and
      directly to Executive or his designee(s).

4.    Effective Date and Term.  This Agreement  shall be effective as of January
      1, 2005 (the "Effective  Date").  As of the Effective Date, this Agreement
      replaces and supersedes,  in its entirety,  the Employment Agreement dated
      March 1, 1999, between Executive and Young Design,  Inc., which Employment
      Agreement shall be of no further force or effect.  The term of Executive's
      employment pursuant to this Agreement will begin on the Effective Date and
      will continue for a period of five (5) years after that date (the "Term"),
      unless  otherwise  sooner  terminated.  Thereafter  this  Agreement may be
      renewed  for  additional  periods,  provided  that the  Company  gives the
      Executive at least ninety (90) days notice prior to the  expiration of the
      Term, of its intent to renew this Agreement or negotiate a new agreement.

5.    Salary and Other Compensation.

      5.1.  Base  Salary.   For  services   rendered  by  Executive  under  this
            Agreement,  Executive  will be paid an  annual  salary  equal to two
            hundred and ninety five thousand dollars  ($295,000),  starting from
            the Signing Date of this Agreement (the "Initial Base Salary"),  and
            payable in accordance with the Company's  normal payroll  practices.
            Such  Initial Base Salary will be reviewed at least once during each
            full performance period or annually, which ever is greater, and will
            be subject to increase,  but not decrease,  in accordance  with such
            review,  except in the event that all of the Company's  officers and
            senior  managers  receive a similar and  proportionate  reduction in
            salary.  The Initial  Base Salary,  as may be modified  from time to
            time during the Term of this Agreement,  is hereinafter  referred to
            as the "Base Salary."

      5.2.  Annual Bonus. Executive will be granted cash bonus payouts each year
            based on the percentages of actual attainment of performance targets
            approved by the Board of Directors prior to the commencement of each
            year. At target performance levels, the Executive shall be granted a
            cash  bonus  equal to 100% of his  actual  Base  Salary  during  the
            previous  year.  Executive may be awarded all,  some,  more than, or
            none of this potential cash bonus based on the Board's assessment of
            the  Executive's   actual   performance  as  measured   against  the
            previously approved  performance  targets, and relative weighting of
            the  performance  targets.  Performance  targets for each year shall
            establish the minimal  level of bonus to be paid to Executive  based
            on the  performance  level  achieved.  The  Board may  determine  to
            provide the Executive with additional  annual bonuses based on other
            considerations  but has no  obligation  to do so. Any  annual  bonus
            shall be paid within 70 days after the end of the year.

      5.3.  Stock Option Bonus:

            (a)   On the Signing Date of this Agreement,  the Executive shall be
                  granted  options to purchase five hundred  thousand  (500,000)
                  shares of the  Company's  common  stock.  All options shall be
                  Non-Qualified  Stock  Options with an exercise  price equal to
                  the closing stock price on the date of the grant.

            (b)   The actual grant and the  specific  terms of the grant will be
                  set forth in a specific stock option agreement, which terms at
                  a minimum,  shall  establish  the vesting  schedule  for these
                  options to be: forty  percent  (40%) at time of grant,  and an
                  additional  twenty percent (20%) on each of the next three (3)
                  annual anniversaries of the Effective Date.

            (c)   Executive  acknowledges that this grant will be in lieu of all
                  future  annual  option  grants of shares of the Company to the
                  Executive during the initial term of this Agreement.

                                       -2-
<PAGE>

      5.4.  Spot Awards.  Executive has the opportunity to receive certain bonus
            payments at any time during the Term of the  Agreement,  in addition
            to those set forth  hereinabove at the sole discretion of the Board,
            in the event that agreed upon milestones are significantly  exceeded
            as a result of the  execution of one or more  material and strategic
            initiatives  that  clearly  result  in  a  significant  increase  in
            shareholder  value, and further that such strategic  initiatives are
            directly  attributable  to the  Executive's  leadership and personal
            efforts.  For  example,  but not limited to  certain:  acquisitions,
            mergers, business combinations, joint ventures, etc.

      5.5.  Other Compensation.

            (a)   Subject  to  the   provisions  of  Subsection   5.3(c)  above,
                  Executive  shall be entitled to  participate on the same basis
                  as  other  executives  of  the  Company  in any  incentive  or
                  supplemental compensation plan maintained or made available by
                  the Company for any of its senior executives.

            (b)   Not  withstanding  the provisions of Subsection  5.3(c) above,
                  when  events  or  transactions  result  in  the  formation  of
                  subsidiaries  or  the  acquisition  of  controlled   entities,
                  whereby shares or options to buy shares of such  subsidiary or
                  controlled  entity are granted to  employees of the Company or
                  its subsidiary or controlled  entity,  the Executive  shall be
                  granted  no less than an equal  amount of shares or options in
                  any subsidiary or controlled entity of the Company,  as may be
                  granted  to  the  largest   grantee  of  such   subsidiary  or
                  controlled entity, with no less favorable terms.

            (c)   In addition,  Executive may receive further  compensation from
                  the  Company  in such  form and to such  extent  as the  Board
                  and/or  its  compensation  committee  may  in  its  discretion
                  determine from time to time.

      5.6.  Expenses.  Executive  shall  be  entitled  to  reimbursement  of all
            reasonable travel,  entertainment,  and other out-of-pocket business
            expenses  incurred by  Executive  in the course of his duties and in
            accordance with any policies adopted from time to time by the Board,
            upon submission of reasonable documentation therefore.

      5.7.  Benefits.  During the Term of the Agreement,  but subject Subsection
            5.3(c) above,  Executive  shall be entitled to  participate  in, and
            receive the benefits of any and all of the  Company's  benefit plans
            such as but not limited to: life and disability  insurance,  pension
            or other retirement  benefit plan, the 401(k) plan,  profit sharing,
            stock option, employee stock ownership, or other plans, benefits and
            privileges given to employees and executives of the Company,  to the
            extent  commensurate  with his  then  duties  and  responsibilities.
            Further,  the Company  shall  directly pay the full premium cost for
            the  following  benefits,  or make  payment to the  Executive of the
            economic  equivalent of the premium cost for the following  benefits
            in the event that any one or more of the following  benefit  plan(s)
            are not  continued  by the  Company,  or the  Executive's  continued
            participation in such benefit plan(s) is not possible:

            (a)   to the  extent  not  otherwise  covered  under  another  plan,
                  insurance  premiums for Executive and his eligible  dependents
                  under the Company's  existing or equivalent  medical insurance
                  plan; and

            (b)   life insurance providing a death benefit of at least two times
                  (2X) the Executive's Base Salary;

            (c)   disability  benefits,  in accordance  with the Company's  then
                  standard disability insurance coverage;

            (d)   accidental  death  and  dismemberment  insurance  providing  a
                  benefit of up to two times the  Executive's  then current Base
                  Salary; and

                                       -3-
<PAGE>

            (e)   five (5) weeks paid vacation  each year,  subject to the terms
                  of the Company's existing vacation policy.

6     Termination.  Employment  of Executive  pursuant to this  Agreement may be
      terminated as follows,  but in any case the provisions of  noncompetition,
      nondisclosure  and  assignment  of  Intellectual  Property  set  forth  in
      Sections 9, 10 and 11 of this  Agreement  will survive the  termination of
      Executive's employment:

      6.1.  By Company.  The Company may terminate the  employment of Executive,
            with or without Good Cause at any time during the term of employment
            upon giving Notice of Termination.

      6.2.  By Executive. Executive may terminate his employment with or without
            Good  Reason at any time during the term of  employment  upon giving
            Notice of Termination.

      6.3.  Automatic  Termination.  Executive's  employment will terminate upon
            his death or Total Disability.  The term "Total  Disability" as used
            in this  Agreement  will mean an inability to perform the duties set
            forth for  Executive  under  this  Agreement  because  of illness or
            physical or mental  disability  (as  determined by a medical  doctor
            chosen by the Company and reasonably  satisfactory to Executive) for
            a period of  one-hundred  twenty (120)  consecutive  calendar  days,
            unless  Executive  is granted a leave of  absence  by the  Company's
            Board of Directors.  Termination under this Agreement will be deemed
            to  be  effective   immediately  upon  Executive's   death  or  upon
            Executive's Total Disability.

      6.4.  Notice.  The term "Notice of  Termination" as used in this Agreement
            will mean at least thirty (30) days' written  notice of  termination
            of   Executive's   employment,   during  which  period   Executive's
            employment  and  performance  of services will  continue;  provided,
            however,  that the  Company  may,  at its own  election  but without
            reducing  Executive's   compensation  during  such  period,   excuse
            Executive  from any or all of his duties  during  such  period.  The
            effective  date  of  the   termination  of  Executive's   employment
            hereunder  will be the  date on  which  such  30-day  notice  period
            expires.

7     Termination Payments. If Executive's employment hereunder terminates,  all
      compensation  and  benefits  set forth in this  Agreement  will  terminate
      except  as  specifically  provided  in this  Section  7 (the  "Termination
      Payments").

      7.1.  Termination  due  to  Death  or  Total  Disability.  If  Executive's
            employment  is  terminated  due to his  death or  Total  Disability,
            Executive (or his estate) shall be entitled to:

            (a)   any unpaid  salary and other  benefits  which have accrued for
                  services  already  performed as of the date the termination of
                  Executive's  employment becomes effective and, in the event of
                  Total  Disability,  benefits in accordance  with the Company's
                  disability plan;

            (b)   pro-rata annual bonus for the year of termination based on the
                  target  bonus  (based on number of days  employed  divided  by
                  365);

            (c)   in the  case of  Total  Disability,  the  continuation  of the
                  benefits  described in Subsections  5.7(a),  (b), (c), and (d)
                  above  for a  period  of  twelve  (12)  months,  or a lump sum
                  payment to Executive of the economic  equivalent to the extent
                  plans do not permit his continued participation, provided that
                  such  benefits  shall  cease to the extent  Executive  becomes
                  covered

                                       -4-
<PAGE>

                  under the plans of a new  employer  (in which case,  Executive
                  shall return to the Company a pro rata portion of any lump sum
                  payment  made  by  the  Company  in  lieu  of  continuing  the
                  benefits).

      7.2   Termination by Company without Good Cause. If the Company terminates
            Executive's  employment  without  Good Cause prior to the end of the
            Term of this Agreement, Executive will be entitled to receive:

            (a)   any unpaid Base Salary and other  benefits  which have accrued
                  for services  already  performed as of the  effective  date of
                  Executive's termination;

            (b)   the greater of a pro-rata annual target bonus for that portion
                  of  the  year  of   termination   actually   worked  prior  to
                  termination  or an  amount  equal to six (6)  months  pro-rata
                  performance at target levels,  which ever is greater,  payable
                  in a lump sum within five (5) business days of termination:

            (c)   twelve (12) months of salary at the then  current  Base Salary
                  rate,  payable in a lump sum within five (5) business  days of
                  termination:

            (d)   all amounts,  entitlements  or benefits in which  Executive is
                  already vested  including,  without  limitation,  all options,
                  which shall remain exercisable for twelve months (12) from the
                  date of termination.

            (e)   the  continuation  of the benefits  described  in  Subsections
                  5.7(a),  (b),  (c),  and (d) above for a period of twelve (12)
                  months,  or a lump sum payment to  Executive  of the  economic
                  equivalent  to the extent  plans do not  permit his  continued
                  participation,  provided  that such benefit shall cease to the
                  extent Executive  becomes covered under similar plans of a new
                  employer (in which case, Executive shall return to the Company
                  a pro rata portion of any lump sum payment made by the Company
                  in lieu of continuing the benefits).

      7.3   Good Cause. For purposes of this Agreement,  "Good Cause" shall mean
            and be limited to the following: willful fraudulent conduct intended
            to enrich the Executive at the expense of the Company,  embezzlement
            or willful  misappropriation  for his own benefit of any proprietary
            information  of the Company,  the  indictment  or  conviction in any
            jurisdiction  for any crime  which  constitutes  a felony,  or which
            constitutes a misdemeanor that involves fraud or moral turpitude, or
            the Executive's failure to cooperate with the lawful  investigations
            of   regulatory  or   governmental   agencies.   Additionally,   the
            Executive's material and persistent breach of the provisions of this
            Agreement and gross misconduct in, or neglect of, the performance of
            his duties and  responsibilities  hereunder,  which causes  material
            economic harm to the Company, or the Executive's  chronic,  repeated
            willful  failure  to  carry  out the  reasonable,  lawful,  specific
            written  directions of the Board,  which  directions  are consistent
            with the  provisions of this  Agreement,  shall be  considered  Good
            Cause  for  termination,  unless  the  Executive  believed  and  can
            demonstrate, that in good faith such action or non action was in, or
            not opposed to, the best interests of the Company.

      7.4   Termination  by  the  Company  for  Good  Cause.   If  Executive  is
            terminated  by the Company for Good  Cause,  Executive  will only be
            entitled  to any unpaid  Base  Salary and other  benefits  that have
            accrued  for  services   already   performed  as  of  the  date  the
            termination of Executive's employment becomes effective.

                                       -5-
<PAGE>

                  A termination  for Good Cause shall not take effect unless the
            provisions of this paragraph are complied with. The Executive  shall
            be given  written  notice by the Board of the intention to terminate
            him for Good  Cause,  stating  the  grounds  on which  the  proposed
            termination for Good Cause is based. The Executive shall be given an
            opportunity  to cure such conduct  within a thirty (30) calendar day
            period (to the extent  such cure is  possible).  If he fails to cure
            such  conduct,  the  Executive  shall then be  entitled to a hearing
            before  the  Board,  and,   thereafter,   upon  a  determination  by
            affirmative  vote of a majority of the  members of Board  (excluding
            Executive) that Good Cause exists, he shall be terminated.

      7.5   Good Reason.  For purposes of this  Agreement,  "Good  Reason" shall
            mean and be limited to any material  reduction or adverse  change in
            Executive's position, which shall mean and refer to:

            (a)   any  reduction or downgrade,  in  Executive's  title,  duties,
                  responsibilities or authority as provided in Sections 1 and 3,
                  or the assignment to the Executive of duties, responsibilities
                  or authority  inconsistent  therewith,  provided that hiring a
                  President(s),   COO(s)  and/or  any  other  senior   executive
                  officer(s) of the Company shall not  constitute  "Good Reason"
                  for  purposes  of  this  provision,  so  long  as the  duties,
                  responsibilities  and  authority of the  President(s),  COO(s)
                  and/or other senior  executive  officer(s) are approved by the
                  Executive  and  such   position,   or  positions,   answer  to
                  Executive;

            (b)   a failure to  nominate  Executive  to the Board as part of the
                  Board's slate of nominees;

            (c)   any proposed  reduction  in Base Salary  (except to the extent
                  permitted by Section 5.1);

            (d)   any change in or failure to  continue  any stock  compensation
                  plan  or  other  employee  benefit  plan,  including,  but not
                  limited to, pension, life insurance, medical, health, accident
                  or  disability  plans,  which  would  directly  or  indirectly
                  materially  reduce any such  benefits to Executive  (except to
                  the extent permitted by Section 5.1);

            (e)   relocation of Executive's own office location,  as assigned to
                  him by the  Company,  other than a relocation  at  Executive's
                  initiative,  to a new location more than fifty (50) miles from
                  the Executive's current place of residence;

            (f)   a material  breach by the  Company of the  provisions  of this
                  Agreement;

            (g)   the failure of the Company to obtain the assumption in writing
                  of its  obligation to perform this  Agreement by any successor
                  to all or  substantially  all of  the  assets  of the  Company
                  within 30 calendar days after a merger, consolidation, sale or
                  similar transaction;

            (h)   the failure of the Company to offer the Executive the position
                  of Chief  Executive  Officer of the  surviving  entity or, the
                  failure  to  nominate  the  Executive  to  the  Board  of  the
                  surviving entity, in the event of a Change of Control.

                  Following  written  notice from Executive of any of the events
            described above, the Company shall have thirty (30) calendar days in
            which to cure. If the Company fails to cure, Executive's termination
            shall  become  effective  on the 31st  calendar  day  following  the
            written notice.

                                       -6-
<PAGE>

      7.6   Termination by Executive with Good Reason.  If Executive  terminates
            his  employment  hereunder  with Good Reason prior to the end of the
            Term of this  Agreement,  Executive  will be entitled to receive the
            same payments, benefits and rights as described under Subsection 7.2
            above.

      7.7   Termination   by  Executive   without  Good  Reason.   If  Executive
            terminates  his  employment  without Good Reason,  Executive will be
            entitled  to the same  payments,  benefits  and rights as  described
            under Subsection 7.4 above.

      7.8   Change in Control.  "Change in Control" shall mean the occurrence of
            any one of the following events:

                  (a) any "person," as such term is used in Sections 3(a)(9) and
                  13(d)  of the  Securities  Exchange  Act of  1934,  becomes  a
                  "beneficial  owner," but excluding a person who owns more than
                  10% of the outstanding shares of the Company as of the date of
                  this Agreement, as such term is used in Rule 13D-3 promulgated
                  under  that  act,  of 50% or more of the  Voting  Stock of the
                  Company;

                  (b) the Company adopts any plan of  liquidation  providing for
                  the distribution of all or substantially all of its assets;

                  (c) all or substantially  all of the assets or business of the
                  Company is disposed of pursuant to a merger,  consolidation or
                  other  transaction  (unless  the  shareholders  of the Company
                  immediately  prior  to such  merger,  consolidation  or  other
                  transaction  beneficially  own,  directly  or  indirectly,  in
                  substantially  the same proportion as they owned of the Voting
                  Stock  of the  Company,  all  of the  Voting  Stock  or  other
                  ownership  interests of the entity or entities,  if any,  that
                  succeed to the business of the Company); or

                  (d) the  Company  combines  with  another  Company  and is the
                  surviving  corporation but, immediately after the combination,
                  the  shareholders  of the  Company  immediately  prior  to the
                  combination hold,  directly or indirectly,  50% or less of the
                  Voting Stock of the combined company

                  It is clearly understood,  however,  that no Change in Control
            will  be  considered  to  have  occurred  solely  as a  result  of a
            subsequent public offering of Company shares without satisfaction of
            at least one of the  criteria set forth in  Subsections  (a) through
            (d) above.

                  For  purposes  of  the  Change  in  Control  definition,  "the
            Company"   shall   include  any  entity  that  succeeds  to  all  or
            substantially  all of the business of the Company,  "Affiliate" of a
            person or other  entity  shall  mean a person or other  entity  that
            directly  or  indirectly  controls,  is  controlled  by, or is under
            common control with the person or other entity specified and "Voting
            Stock"  shall  mean  capital  stock of any class or  classes  having
            general voting power under ordinary circumstances, in the absence of
            contingencies, to elect the directors of a corporation.

      7.9   Consequences of a Change in Control. Upon Executive's termination of
            employment  pursuant  to  Section  7.2 or 7.6 within a six (6) month
            period  following  or at any time within the three (3) month  period
            prior to a Change in  Control,  Executive  shall be  entitled to the
            benefits  provided in Section 7.2 above,  except that (a) the amount
            payable  pursuant to Section  7.2(c) shall be twenty one (21) months
            of the Executive's  Base Salary and (b) the amount payable  pursuant
            to

                                       -7-
<PAGE>

            section  7.2(b)  shall be pro rata annual  target bonus for a twenty
            one (21) month period at target  performance  levels.  Additionally,
            all amounts,  entitlements or benefits in which Executive is not yet
            vested shall become fully vested including,  without limitation, all
            outstanding  options,  which shall remain  exercisable  for one year
            from the date of termination.

      7.10  No  Mitigation:  No  Offset.  In the  event  of any  termination  of
            employment  under this Section 7.10, the Executive shall be under no
            obligation  to seek other  employment  and there  shall be no offset
            against amounts due the Executive under this Agreement on account of
            any claims asserted by the Company or any remuneration  attributable
            to any subsequent employment that he may obtain.

      7.11  Other Severance  Provisions.  Notwithstanding any other provision of
            this Agreement:

            (a) All payments  made to Executive  shall be subject to and reduced
            by all required tax withholdings.

            (b) As a condition  precedent to the Company's  obligations  to make
            any payments or provide any benefits  pursuant to Sections  7.2, 7.6
            or 7.9 above,  the Executive must execute and deliver to the Company
            a release (in a form and substance  acceptable to the Company) as to
            any and all claims  Executive  may have  against the Company  (which
            release,   however,   need  not  release  any  claims   relating  to
            indemnification, contribution, or insurance coverage).

8     Insurance.  The Company  agrees to continue and maintain a directors'  and
      officers'  liability  insurance policy covering  Executive in an aggregate
      amount of no less than $5,000,000.

9.    Restrictive Covenants.

      9.1   During  Emp1oyment.  During  the term of this  Agreement,  Executive
            agrees that he will not directly or  indirectly  render any services
            of a commercial or professional nature to any person or organization
            other than the Company  (except as is  necessary or  appropriate  in
            carrying  out his duties  hereunder)  whether  for  compensation  or
            otherwise  and  except as  otherwise  provided  in Section 2 of this
            Agreement.

      9.2   Noncompetition. Executive agrees that he will not, other than in the
            course of  performing  his duties  hereunder,  and provided that the
            Company  is in  material  compliance  with all  applicable  terms of
            Sections 7.1, 7.2, 7.4, 7.6, or 7.9 above as the case may be, at any
            time during the Restricted  Period set forth in Subsection 9.6 below
            and in the  "Territory,"  either  directly or indirectly,  by or for
            himself or for any other person, partnership, corporation, trust, or
            company,  "Participate"  (as  defined  below)  in  any  business  or
            enterprise  involved  in a product,  process  or service  similar to
            those  developed,  produced  or  provided  by the  Company  (or  any
            Affiliate as defined in section 7.8 above) or otherwise  competitive
            with the Company's Business (as defined below);  provided,  however,
            that this restriction  shall not apply if Executive has disclosed to
            the  Company in writing  all known  facts  relating  to such work or
            activity and has received prior written  consent of the Board of the
            Company  to engage in such work or  activity.  The term  "Territory"
            shall mean the  world.  For  purposes  of this  Agreement,  the term
            "Participate" includes,  without limitation,  any direct or indirect
            participation  or interest in any  business,  whether as an officer,
            director,  employee, partner, sole proprietor,  stockholder,  owner,
            advisor,  consultant, or otherwise,  other than by ownership of less
            than three percent (3%) of the stock of a publicly held  corporation
            whose  stock is traded on a national  securities  exchange or in the
            over the-counter market. If Executive believes the

                                       -8-
<PAGE>

            Company is not in compliance with its obligations under Section 7.1,
            7.2, 7.4, 7.6, 7.7 or 7.9 above, as the case may be, Executive shall
            deliver written notice to the Company  describing the noncompliance.
            The Company  shall have ten (10) business days after receipt of such
            notice in which to cure.  If the  Company  fails to cure,  Executive
            shall be  released  from the  obligations  under  this  Section  9.2
            effective on the 11th business day following delivery of the written
            notice.

      9.3   Noninterference.   Provided   that  that   Company  is  in  material
            compliance with all applicable terms of Sections 7.1, 7.2, 7.4, 7.6,
            or 7.9  above  as  the  case  may  be,  during  any  portion  of the
            Restricted Period, other than in the course of performing his duties
            hereunder,  Executive  will not (a)  induce or attempt to induce any
            other  employee of the Company to leave the employ of the Company or
            in any way interfere with the  relationship  between the Company and
            any other  employee  of the  Company,  nor will he assist  others in
            doing so or (b) induce or attempt to induce any customer,  supplier,
            licensee,  or other business  relation of the Company to cease doing
            business with the Company, nor will he assist others in doing so. If
            Executive  believes  the  Company  is not  in  compliance  with  its
            obligations  under Section 7.1, 7.2, 7.4, 7.6, 7.7 or 7.9 above,  as
            the case may be,  Executive  shall  deliver  written  notice  to the
            Company  describing  the  noncompliance.  The Company shall have ten
            (10) business days after receipt of such notice in which to cure. If
            the Company  fails to cure,  Executive  shall be  released  from the
            obligations  under this Section 9.3  effective on the 11th  business
            day following delivery of the written notice.

      9.4   Business  Opportunity.  Executive  shall,  during  the  term  of his
            employment  with the  Company,  promptly  and fully  disclose to the
            Company any business opportunity coming to Executive's attention, or
            conceived or developed  in whole or in part by  Executive,  which to
            the best of  Executive's  knowledge  (a) relates to the then current
            Company  Business  (as set forth in Section  10.3,  below) or (b) is
            related  to  the  Company's   demonstrably   anticipated   business.
            Executive shall not at any time exploit such business  opportunities
            for his own gain or that of any  person  or  entity  other  than the
            Company or an affiliate or subsidiary of the Company.

      9.5   Covenants Reasonable. The Executive acknowledges and agrees that the
            covenants  in this  Section  9 are  reasonable  in  relation  to the
            position  Executive  has been  afforded  with the  Company and are a
            material  inducement  for the  Company to enter into the  Agreement.
            However,  should any court find that any provision of such covenants
            is unreasonable, whether in period of time, geographical area, scope
            of activity, or otherwise, then in that event the parties agree that
            such  covenants  shall be  interpreted  and  enforced to the maximum
            extent which the court deems reasonable.

      9.6   Term of  Noncompetition.  The  term of the  covenants  set  forth in
            Subsections 9.2 and 9.3 (the "'Restricted  Period") shall begin upon
            the execution of this  Agreement by the Executive and continue for a
            period of one (1) year from the date on which Executive's employment
            is terminated with the Company for any reason.

10.   Nondisclosure.

      10.1  Executive  acknowledges  that  the  Company's  business  and  future
            success  depends on the  preservation of the trade secrets and other
            confidential  information  of the  Company  and  its  suppliers  and
            customers  (the  "Secrets").   The  Secrets  may  include,   without
            limitation,  existing and  to-be-developed or acquired source codes,
            flow  charts,   product   designs,   new  product  plans  or  ideas,
            technologies,  market surveys,  the identities of past,  present, or
            potential customers,

                                       -9-
<PAGE>

            vendors or investors,  business and financial  information,  pricing
            methods or data, contract  information,  marketing plans,  personnel
            information,   procedural  and  technical   manuals  and  practices,
            servicing routines,  and parts and supplier lists proprietary to the
            Company or its customers or suppliers,  and any other sorts of items
            or  information  of the Company or its customers or suppliers  which
            are not generally known to the public at large.  Executive agrees to
            protect and to preserve as confidential during and after the term of
            his  employment all of the Secrets at any time known to Executive or
            in his possession or control (whether wholly or partially  developed
            by Executive  or provided to  Executive,  and whether  embodied in a
            tangible medium or merely remembered).

      10.2  Executive  shall not  knowingly use or allow any other person to use
            any of the Secrets in any way except (a) in the course of performing
            his duties hereunder,  (b) to the extent Secrets become known in the
            industry  or by the  public  (other  than  through  a breach  of the
            Agreement by Executive) or (c) to the extent  required by a statute,
            by a court of law, by any  governmental  agency  having  supervisory
            authority over the business of the Company or by any  administrative
            or legislative  body  (including a committee  thereof) with apparent
            jurisdiction  to order him to divulge,  disclose or make  accessible
            such information.  All material containing or disclosing any portion
            of the Secrets shall be, and remain the property of, the Company and
            shall be returned to the Company upon the termination of Executive's
            employment or the earlier  request of another officer of the Company
            or  Chairman  of the  Board.  At such  time,  Executive  shall  also
            assemble all tangible items of work in progress,  notes,  plans, and
            other materials related in any way to the Company's  Business except
            personal diaries, rolodexes or similar records of a personal nature,
            and will promptly deliver such items to the Company.

      10.3  Executive's  covenants in this Section shall  supplement,  and shall
            not  supplant,  any other  rights or  remedies  the Company may have
            under  applicable law for the protection of its properties and trade
            secrets.

                  For purposes of this Agreement,  the "Company  Business" shall
            mean any of the following activities  undertaken to support wireless
            transmission or reception techniques, products and services such as,
            but not  limited  to the  development  of  related  technologies  or
            techniques,   manufacturing,   servicing,   operation   of  wireless
            equipment and/or systems, including free space optical technology or
            techniques,  marketing  and selling  voice  and/or data and/or video
            transmission  and/or  wireless  networking  equipment  or  services,
            whether bi-directional and/or broadcast,  and other related wireless
            transmission/reception  techniques  and/or  media.  Further,  in the
            event  that the  Company  should  expand  the  scope of the  Company
            Business during the Term of this Agreement, either by acquisition or
            organic  growth,  any such new business  activities or  technologies
            shall also be added to the term "Company Business."

11.   Intellectual Properties.

      11.1  All ownership, copyright, patent, trade secrecy, and other rights in
            all works, programs,  fixes, routines,  inventions,  ideas, designs,
            manuals, improvements,  discoveries,  processes, or other properties
            (the  "Intellectual  Properties") made or conceived by Executive and
            relating to the Company's Business during the term of his employment
            by the  Company  shall be the  rights  and  property  solely  of the
            Company,  whether  developed  independently  by Executive or jointly
            with  others,  and  whether or not  developed  or  conceived  during
            regular working hours or at the Company's facilities, and whether or
            not the Company uses, registers,  or markets the same. To the extent
            any such works may be  considered  "works  made for hire"  under the
            Copyright  Act,  they are  hereby  agreed to be works made for hire;
            otherwise, Executive hereby irrevocably

                                      -10-
<PAGE>

            assigns and conveys all such  rights,  title,  and  interests to the
            Company, subject to no liens, claims, or reserved rights.

      11.2  Executive will assist the Company as requested  during and after the
            term of his  employment  to further  evidence  and  perfect,  and to
            enforce,  the Company's  rights in and ownership of the Intellectual
            Properties  covered  hereby,   including  without  limitation,   the
            execution of additional  instruments of conveyance and assisting the
            Company  with   applications  for  patents  or  copyright  or  other
            registrations  provided  that  Executive  shall  be  reimbursed  any
            expenses  he incurs in  meeting  the  obligations  pursuant  to this
            Section 11.2.

      11.3  Notwithstanding  the  foregoing,  the  provisions of this Section 11
            shall  not  apply to or assign  to the  Company  any of  Executive's
            rights  in  any  invention   for  which  no   equipment,   supplies,
            facilities, or trade secret information of the Company was used, and
            which was developed  entirely on  Executive's  own time,  unless the
            invention:

            (a) relates, at the time of conception or reduction to practice of
            the invention, directly to the Company's Business or to the
            Company's actual or demonstrably anticipated research or
            development; or

            (b) results from any work performed by Executive for the Company.

12.   Assignment.  This Agreement will be binding on and inure to the benefit of
      the   parties   and   each   of   their   respective   affiliates,   legal
      representatives,  successors,  and assigns.  The Company may not assign or
      transfer its rights under this Agreement  except in the case of a transfer
      or sale of all or  substantially  all of the assets of the  Company or its
      merger or consolidation into another company. In no event will Executive's
      obligations to perform  future  services for the Company or its affiliates
      be delegable or transferable.

13.   Remedies.

      13.1  Equitable Relief.  Executive  acknowledges that any violation by him
            of  Sections  9, 10 or 11 of this  Agreement  may cause the  Company
            injury. The Company (acting through its Board) acknowledges that any
            violation  by the  Company  of this  Agreement  may cause  Executive
            injury.  Therefore,  each party  separately  agrees that the injured
            party will be  entitled,  in  addition  to any  remedies it may have
            under this  Agreement or at law, to injunctive  and other  equitable
            relief to  prevent or curtail  any breach of this  Agreement  by the
            other party.

      13.2  Severability.  The provisions of this Agreement will be deemed to be
            severable.  The  invalidating  of any one  provision  by a court  of
            competent jurisdiction will not invalidate any other provision. If a
            court  of  competent   jurisdiction   determines  that  any  of  the
            restrictions contained in this Agreement is unreasonable, such court
            is  free  to  impose  and  is   authorized  to  enforce  any  lesser
            restriction  or  restrictions  determined  by it  to be  reasonable.
            Inclusion in the Agreement of this  Subsection  13.2 will not in any
            way be  deemed  to be a  waiver,  renunciation,  or denial by either
            party of Executive's agreement contained in Subsection 13.4 below.

      13.3  Survival  of  Remedies.  Executive  agrees  that his  covenants  and
            agreements made in and the  requirements  imposed on him by Sections
            9, 10 and 11 and this  Section 13 will be  construed as an agreement
            independent  of any of the provisions of this Agreement as set forth
            in the respective provisions. The existence of any claim or cause of
            action of  Executive  against the Company or any of its  Affiliates,
            irrespective  of whether  predicated on the terms of this Agreement,
            will not  constitute a defense to the  enforcement  of the covenants
            and  agreements

                                      -11-
<PAGE>

            of Executive  contained in Sections 9, 10 and 11 or the requirements
            imposed on him by this Section 13.

      13.4  Fairness.  Executive  acknowledges  that he has  carefully  read and
            reviewed the provisions of this Agreement,  including the provisions
            contained  in  Sections  9, 10 and 11 and this  Section 13, has been
            granted the  opportunity  to discuss the meaning and effect of these
            provisions  with  counsel,   and  agrees  that  they  are  fair  and
            reasonable.

      13.5  Arbitration.  Any controversy or claim arising out of or relating to
            this  Agreement  shall be settled  exclusively  by final and binding
            arbitration in accordance with the Commercial  Arbitration  Rules of
            the  American  Arbitration  Association  (" AAA ") then  in  effect,
            conducted  by a panel  of three  (3)  arbitrators,  either  mutually
            agreed upon by the parties or  selected in  accordance  with the AAA
            Rules, and judgment on any award rendered by the  arbitrator(s)  may
            be entered in any court having proper jurisdiction.  This Subsection
            13.5 does not limit a party's right to seek  preliminary  injunctive
            or other  equitable  relief as  provided in  Subsection  13.1 from a
            court  or  an   arbitrator   pending   arbitral   determination   of
            controversies  or claims under this  Subsection  13.5. Each party to
            the  dispute  shall  be   responsible   for  its  own  cost  of  the
            arbitration,  including  attorney  fees  pertaining  to the dispute.
            Further,  the Company will  continue to provide the  Executive  with
            benefit  coverage during the  arbitration  proceedings to the extent
            otherwise required by this Agreement.

14.   General Provisions.

      14.1  Choice  of  Law.  The  validity,  interpretation,  construction  and
            performance of this  Agreement  shall be governed by the laws of the
            Commonwealth  of  Virginia  without  regard  to  its  principles  of
            conflicts of laws.

      14.2  Modifications.  No  amendment,   modification,  or  waiver  of  this
            Agreement  will be binding or effective for any purpose unless it is
            made  in a  writing  signed  by the  party  against  which  or  whom
            enforcement of such  amendment,  modification,  or waiver is sought.
            Any  amendment,  modification,  or  waiver  by the  Company  must be
            approved  by a majority  of the Board  (excluding  Executive)  to be
            valid.  The course of dealing between the parties will not be deemed
            to affect, modify, amend, or discharge any provision or term of this
            Agreement.  A delay on the part of either  party in the  exercise of
            its or his rights or  remedies  will not operate as a waiver of such
            rights or remedies,  and a single or partial  exercise by a party of
            any  such  right  or  remedy  will not  preclude  other  or  further
            exercises  of that right or  remedy.  A waiver of right or remedy on
            anyone  occasion  will not be construed as a bar to or waiver of any
            such right or remedy on any other occasion.

      14.3  Construction.  This Agreement  contains the entire agreement between
            the parties with respect to its subject matter.  Its language is and
            will be deemed to be the language  chosen by the parties  jointly to
            express their mutual intent. No rule of construction  based on which
            party  drafted the  Agreement or certain of its  provisions  will be
            applied against either party.

      14.4  Headings.  All titles and headings used in this Agreement are solely
            for convenience  and shall not in any way affect the  interpretation
            of this Agreement.

      14.5  Nonwaiver.  Failure  of either  party to insist  upon or to  enforce
            strict performance of any provision of this Agreement or to exercise
            any  right,  remedy  or  provision  of this  Agreement

                                      -12-
<PAGE>

            will not be  construed  as a waiver to any  extent  of such  party's
            rights under this Agreement, and such provision shall remain in full
            force and effect.

      14.6  Notice.  All notice  required by the terms of this Agreement will be
            given in writing and delivered personally by registered or certified
            mail or by overnight courier service (charges prepaid), addressed as
            follows:  If to the  Company,  to the  then-current  address  of its
            general  corporate  offices,  to  the  attention  of  the  Corporate
            Secretary;  and if to Executive,  to his  residence  address as last
            reflected on the records of the Company.

      14.7  Company Representation.  The Company represents and warrants that it
            is fully authorized and empowered to enter into this Agreement, that
            the performance of its  obligations  pursuant to this Agreement will
            not  violate  any  agreement  between  it  and  any  other  firm  or
            organization  or the Certificate of  Incorporation  or the Bylaws of
            the Company and that this  Agreement  has been duly  authorized  and
            approved by the Board.

IN WITNESS WHEREOF, the parties have executed and entered into this Agreement on
the date set forth above.

"COMPANY"                                           "EXECUTIVE"

By: /s/ David L. Renauld                            By: /s/ Robert E. Fitzgerald
    --------------------                                ------------------------
    David L. Renauld - V.P, Legal                       Robert E. Fitzgerald

Date: February 10, 2005                             Date: February 9, 2005

                                      -13-

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