Common use of Put Option Premium Clause in Contracts

Put Option Premium. The Company will pay an aggregate amount of $646,875, comprised of $474,375 to CGDO and $172,500 to Q Funding III (the “Put Option Premium”), in the form of shares of Common Stock (based on the Additional Common Stock Purchase Price) to the accounts designated by the Investor in accordance with Section 4.2 hereof, on the earliest of (i) the occurrence of a Termination Event (as defined in the Term Sheet); (ii) the Closing Date; and (iii) March 31, 2009.