Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.

On June 25, 2009, the Company increased the annual base salary of Michelle Doery, the Company's Chief Financial Officer, from $150,000 to $205,000. Such increase was made retroactive to April 20, 2009. Subject to the discretion of the Compensation Committee of the Company's Board of Directors (the "Compensation Committee"), Ms. Doery may be eligible for an annual bonus of up to 50% of her annual base salary, based on the Company's achievement of certain performance targets applicable to management bonuses set by the Compensation Committee.

On June 25, 2009, the Company also granted Ms. Doery and Samuel B. White, the Company's EVP Business Development, options to purchase 175,000 and 200,000 shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), respectively. The exercise price of these options is $0.40, the closing price of the Common Stock on the grant date. These options vest as follows: 10% on the grant date; an additional 30% on June 25, 2010; an additional 30% on June 25, 2011; and the remaining 30% on June 25, 2012.

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