Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

(a)(1) On June 25, 2009, a Special Committee of the Board of Directors authorized an accelerated payment to Lee N. Blatt under the terms of his agreement with the Company dated September 27, 2006 (the "Agreement").

(2) The event which caused acceleration was a change in control of the Company as defined in the Agreement as the ownership of 20% or more of the outstanding voting securities of the Company.

(3) The triggering event caused the acceleration of $3,361,528 otherwise payable over the next 34 months so that the full amount became immediately payable. Of this amount $3,054,757 has previously been expensed by the Company so that the only amount currently to be expensed is $306,771 representing the imputed interest.