X0202 4 2008-03-17 0001042291 ILINC COMMUNICATIONS INC ILC 0001197566 POWERS JAMES M JR 2999 N. 44TH ST, SUITE 650 PHOENIX AZ 85018 1 1 0 0 Chairman, President and CEO Performance Rights (restricted stock grant) 2008-03-17 4 A 0 500000 0 A Common Stock 500000 500000 D Employee Incentive Stock Option (right to buy) .28 2008-03-17 4 A 0 500000 0 A 2018-03-17 Common Stock 500000 500000 D Awarded pursuant to a Restricted Stock Award Agreement dated 3/17/08 under the terms of the Company's Stock Compensation Plan, as amended (the "Plan"). The Shares to vest as follows: 1/3 vested when the average closing sales price for iLinc's common stock over 10 consecutive trading days ("10-Day Average") equals or exceeds $1.00 or a Sales Transaction occurs in which the imputed price per share of iLinc's common stock (as determined by the Board of Directors, the "Imputed Price") equals or exceeds $1.00 per share; 1/3 vested when the 10-Day Average equals or exceeds $1.25 or a Sales Transaction occurs in which the Imputed Price equals or exceeds $1.25 per share; and the remaining 1/3 vested when the 10-Day Average equals or exceeds $1.50 or a Sales Transaction occurs in which the Imputed Price equals or exceeds $1.50 per share. No termination date is set under the Restricted Stock Award Agreement. On the date that is six months from the Date of Grant, twenty-five percent (25.000%) of the options granted shall be vested; and thereafter beginning on October 1, 2008 one thirty-sixth (1/36) of the remaining portion shall vest on the first day of each month, from month to month, until fully vested. The stock options shall fully (100%) vest upon a Change of Control as defined in the Plan. /s/ James L. Dunn, Jr., as attorney-in-fact for James M. Powers, Jr. 2008-03-19