Description of Decision on Payment of Cooke Director Fees
of Decision on Payment of Cooke Director Fees
to the Company’s meeting of its Board of Directors on July 12, 2010, the Board
agreed to pay Jeff Cooke a Director’s fee in the amount of $30,000 upon the
closing of a recapitalization or sale transaction. The payment is
contingent upon Mr. Cooke continuing his role as a member of the Board of
Directors through the closing date of such transaction.