Item 5.02(b) and (e). Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 27, 2012, Kenneth R. Lynn resigned from his position as Executive Vice President of Business Development. However, Mr. Lynn will continue to be an employee of the Company as the Head of Business Development on a part-time basis. Mr Lynn's existing Employment Agreement has been terminated by mutual agreement. As Head of Business Development, Mr. Lynn will receive an annual salary of $100,000 and other standard employee benefits. His existing stock options will continue to vest in accordance with their terms. He will also receive a one-time payment of $7,500 representing the reduced value of vacation days carried over.

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