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

The Board of Directors of the Company accepted the resignation of Paul Laird from the positions of Chief Executive Officer and President of the Company effective as of 16 November 2009. In connection with his resignation, the Company agreed to provide Mr. Laird with three (3) months severance pay aggregating $40,000 plus payment for his accrued and unused vacation time in the aggregate amount of $ 12,922.98. In addition, the Company has agreed to pay Mr. Laird's medical insurance premiums until November 30, 2010. Mr. Samyak Veera, Chairman of the Board of Directors, will assume responsibility for Mr. Laird's duties in the interim period, while the Board considers a replacement for Mr. Laird.

Mr. Laird's letter of resignation is attached hereto as Exhibit 99.04.