Replies to post #10228 on Mobilepro Corp (fka MOBL)

[stats_mocker]

Hi Mrpego,

I would love to be wrong on this, but the following is excerpted from the beginning of Exhibit 10.1: I am not sure how else to interpret that, other than the sale of Kite Broadband, Kite Networks, and NeoReach in its entirety ...

http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=5042737&doc=1&total=&back=2&...

"
PURCHASE AGREEMENT

THIS PURCHASE AGREEMENT (the “Agreement”), is made and entered into as of the 8th day of July, 2007, by and among Gobility, Inc., a Texas corporation (“Buyer”), and Mobilepro Corp, a Delaware corporation (“Seller”).
RECITALS

Seller owns all of the issued and outstanding membership interests of Kite Broadband, LLC, a Mississippi limited liability company (“Kite Broadband”), and all of the issued and outstanding shares of Neoreach, Inc., a Delaware corporation (“Neoreach”). Neoreach owns all of the issued and outstanding shares of Kite Networks, Inc., a Delaware corporation (“Kite Networks,” and together with Neoreach and Kite Broadband, the “Target Companies”).

Seller desires to sell to Buyer and Buyer desires to purchase all outstanding membership interests in Kite Broadband and all outstanding capital stock in Neoreach and Kite Networks.

NOW, THEREFORE, in consideration of the recited facts and the mutual covenants of the parties hereinafter set forth, it is agreed: