On March 4, 2013, the Compensation Committee of the Board of Directors of Boingo Wireless, Inc. (the "Company") granted long-term incentive awards to its executive officers, in the form of restricted stock units, or RSUs, under the Company's 2011 Equity Incentive Plan. Each executive officer received RSUs with vesting based upon continued service over a two year period following March 1, 2013. Accordingly, 50% of the RSUs will vest on March 1, 2014, and an additional 12.5% of the RSUs will vest over a series of four successive equal quarterly installments over each additional quarter of service thereafter. The number of shares subject to the RSUs for each executive officer is as follows:

Executive Officer                Title                 Number of Restricted Stock Units
David Hagan          Chief Executive Officer           156,937
Peter Hovenier       Chief Financial Officer           70,622
Dawn Callahan        Senior VP of Marketing & Sales    35,311
Derek Peterson       Senior VP of Engineering          35,311
Tom Tracey           Senior VP of Operations           35,311