|   | 1. | Designation.  This      series shall be designated as Series E Convertible Preferred Stock (the      “Series E Preferred Stock”), to consist of One Hundred Thirty-Nine (139)      shares, par value $0.001 per share, with a mandatory conversion date of      July 15, 2011. |
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|   | 2. | Rank.  The      Series E Preferred Stock shall rank (i) prior to all classes of the      Corporation’s common stock; (ii) prior to all other series of the      Corporation’s Preferred Stock outstanding as of the Issuance Date (defined      below); (iii) prior to any class or series of capital stock of the      Corporation hereafter created that does not, by its terms, rank senior to      or pari passu with the Series E Preferred Stock (each security described      in (i) through (iii), a “Junior Security” and      collectively, the “Junior      Securities”); (iii) pari passu with the Series D Convertible      Preferred Stock (“Series      D Preferred Stock”) and any class or series of capital stock of the      Corporation hereafter created that, by its terms, ranks on parity with the      Series E Preferred Stock (the “Pari Passu Securities”);      and (iv) junior to any class or series of capital stock of the Corporation      hereafter created that, by its terms, ranks senior to the Series E      Preferred Stock (collectively, the “Senior Securities”), in      each case as to distribution of assets upon liquidation, dissolution or      winding up of the Corporation, whether voluntary or      involuntary.  For purposes of this Certificate of Designation,      “Issuance      Date” means, with respect to any share      of the Corporation’s capital stock, the date such share was originally      issued by the Corporation.  The Issue Date shall be deemed to be      the date on which the Corporation initially issues a share regardless of      the number of transfers of such share recorded on the stock records      maintained by or for the Corporation and regardless of the number of      certificates which may be issued to evidence such    share |
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|   | 3. | Stated      Value.  The stated value of the Series E Preferred Stock      shall be Ten Thousand Dollars ($10,000) per share (the “Stated      Value”). |
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|   | 4. | Cumulative Preferred      Dividends.  Before any dividends shall be paid or set      aside for payment on any Junior Security of the Corporation, each holder      of the Series E Preferred Stock (each a “Holder” and      collectively, the “Holders”) shall be      entitled to receive dividends payable on the Stated Value of the Series E      Preferred Stock at a rate of 6% per annum, which shall be cumulative,      accrue daily from the Issuance Date and be due and payable on the first      day of each calendar quarter (each a “Dividend Date”). Such      dividends shall accrue whether or not declared, but no dividend shall be      paid unless there are profits, surplus or other funds of the Corporation      legally available for the payment of dividends. The accumulation of unpaid      dividends shall bear interest at a rate of 6% per annum.  If a      Dividend Date is not a business day, then the dividend shall be due and      payable on the business day immediately following such Dividend      Date.  Dividends shall be payable in cash or shares of the      Corporation’s Class A Common Stock, at market price, at the Holder’s      option. |
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|   | 5. | Liquidation      Rights.  In the event of any      liquidation, dissolution or winding up of the affairs of the Corporation,      whether voluntary or involuntary (each of which is hereinafter referred to      as a “Liquidation      Event”), and before      any distribution shall be made to the holders of any shares of any Junior      Security of the Corporation, the holders of shares of Series E Preferred      Stock then outstanding shall be entitled to be paid out of the assets of      the Corporation available for distribution to its stockholders an amount      per share equal to the Stated Value of the Series E Preferred Stock plus      the aggregate amount of accumulated but unpaid dividends on each share of      Series E Preferred Stock.  If, upon a      Liquidation Event, the assets of the Corporation, or proceeds thereof, to      be distributed among the holders of the Series E Preferred Stock are      insufficient to permit payment in full to such Holders of the aggregate      amount that they are entitled to be paid by their terms, then the entire      assets, or proceeds thereof, available to be distributed to the      corporation’s stockholders shall be distributed to the holders of the      Series E Preferred Stock ratably in accordance with the respective amounts      that would be payable on such shares if all amounts payable thereon were      paid in full. Prior to the Liquidation Event, the corporation shall      declare for payment all accrued and unpaid dividends with respect to the      Series E Preferred Stock but only to the extent of funds of the      Corporation legally available for the payment of      dividends.  For the purpose of this Paragraph 4, a      consolidation or merger of the Corporation with any other corporation, or      the sale, transfer or lease of all or substantially all of its assets,      shall not constitute or be deemed a Liquidation  Event. |
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|   | 6. | Voting      Rights.  Except as otherwise required by law, no holder      of Series E Preferred Stock will be entitled to vote on matters as to      which stockholders generally are entitled to  vote. |
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|   | 7. | Optional Conversion by      Holder. |
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|   | 7.1 | Conversion      Price.  At any time after the earlier of:      (a)  the second anniversary of the Issuance Date; or (b) the      date a Series E Redemption      Notice is provided to a Holder pursuant to Section 9 hereof (the      “Initial Conversion      Date”), each share of Series E Preferred Stock shall be convertible at the      option of such Holder into that number of shares of Class A Common Stock      of the Corporation equal to (y) the Stated Value of such share of Series E      Preferred Stock divided by (z) a per share price of the Class A Common      Stock of $0.02 per share (the “Conversion      Price”).  The Conversion      Price subject to adjustment as hereinafter provided, at any time or      from time to time upon the terms and in the manner herein after set forth      in Paragraph 7.3. |
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|   | 7.2 | Conversion      Procedures. |
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|   | (a) | In order to convert any share of      Series E Preferred Stock into Class A Common Stock, the holder thereof      shall (i) surrender the certificate or certificates for such shares      of Series E Preferred Stock, duly endorsed to the Corporation or in blank,      to the Corporation at its principal office or at the office of the agency      maintained for such purposes, (ii) give written notice to the      Corporation at such office that such holder elects to convert such shares      of Series E Preferred Stock, in the same form as Exhibit      I and      (iii) state in writing therein the name or names in which such holder      wishes the certificate or certificates for shares of Class A Common      Stock to be issued.  Each conversion shall be deemed to have      been effected at the close of business on the date on which the      Corporation or such agency shall have received such surrendered Series E      Preferred Stock certificate(s), and the person or persons in whose name or      names any certificate or certificates for shares of Class A Common Stock      shall be issuable upon such conversion shall be deemed to have become the      record holder or holders of the shares represented thereby on such      date.  After such Conversion Notice, the Corporation shall issue      or deliver at such office to the holder for whose accounts such shares of      Series E Preferred Stock were so surrendered, or to such holder’s nominee      or nominees, certificates (bearing such ledger(s) as may be required under      applicable securities laws) for the number of full shares of Class A      Common Stock to which such holder shall be entitled.  No fractional shares or scrip      representing fractional shares will be issued upon any conversion, but an      adjustment in cash will be made, in respect of any fraction of a share      which would otherwise be issuable upon the conversion of the Series E      Preferred Stock. |
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|   | (b) | Upon      receipt by the Corporation of copy of a Conversion Notice, as shown in      Exhibit      I, the Corporation shall (i) as soon as practicable, but in any      event within one (1) Business Day, send, via facsimile, a confirmation of      receipt of such Conversion Notice to such holder and the Transfer Agent,      which confirmation shall constitute an instruction to the Transfer Agent      to process such Conversion Notice in accordance with the terms herein and      (ii) if the Conversion Notice is delivered on or before 8:00 p.m., New      York City Time, then on or before the second (2nd) Business Day following      the date of receipt by the Corporation of such Conversion Notice, or if      the Conversion Notice is delivered after 8:00 p.m., New York City Time,      then on or before the third (3rd) Business Day following the date of      receipt by the Corporation of such Conversion Notice (the “Share Delivery Date”),      (A) issue and deliver to the address as specified in the Conversion      Notice, a certificate, registered in the name of the holder or its      designee, for the number of shares of Common Stock to which the holder      shall be entitled (provided that if such delivery is to be made outside of      New York City then such delivery may be made on the next Business Day), or      (B) provided the Transfer Agent is participating in The Depository Trust      Company (“DTC”) Fast Automated Securities Transfer Program, upon the      request of the holder, credit such aggregate number of shares of Common      Stock to which the holder shall be entitled to the holder’s or its      designee’s balance account with DTC through its Deposit Withdrawal Agent      Commission system.  If the number of Preferred Shares      represented by the Preferred Stock Certificate(s) submitted for      conversion, is greater than the number of Preferred Shares being      converted, then the Corporation shall, as soon as practicable and in no      event later than three Business Days after receipt of the Preferred Stock      Certificate(s) (the “Preferred Stock Delivery      Date”) and at its own expense, issue and deliver to the holder a      new Preferred Stock Certificate representing the number of Preferred      Shares not converted. |
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|   | 7.3 | Adjustment of      Conversion Price.  The Conversion Price shall be subject      to adjustment from time to time asfollows: |
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|   | (a) | Adjustment Due to      Dividends, Stock Splits, Etc. If, at any time on or after the      Issuance Date, the number of outstanding shares of Class A Common Stock is      increased by a (i) dividend      payable in any kind of shares of capital stock of the Corporation,      (ii) stock split, (iii) combination, (iv) reclassification or (v) other      similar event, the Conversion Price shall be proportionately reduced by      multiplying the Conversion Price by a fraction of which the numerator      shall be the number of outstanding shares of Class A Common Stock      immediately before such event and of which the denominator shall be the      number of outstanding shares of Class A Common Stock immediately after      such event, or if the number of outstanding shares of Class A Common Stock      is decreased by a reverse stock split, combination or reclassification of      shares, or other similar event, the Conversion Price shall be      proportionately increased by multiplying the Conversion Price by a      fraction of which the numerator shall be the number of outstanding shares      of Class A Common Stock immediately before such event and of which the      denominator shall be the number of outstanding shares of Class A Common      Stock immediately after such event. In such event, the Corporation shall      notify the Corporation's Transfer Agent of such change on or before the      effective date thereof. |
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|   | (b) | Adjustment Due to      Merger, Consolidation, Etc. If, at any time after the Issuance      Date, there shall be (i) any reclassification or change of the outstanding      shares of Class A Common Stock, (ii) any consolidation or merger of the      Corporation with any other entity (other than a merger in which the      Corporation is the surviving or continuing entity and its capital stock is      unchanged), (iii) any sale or transfer of all or substantially all of the      assets of the Corporation, (iv) any share exchange or tender offer      pursuant to which all of the outstanding shares of Common Stock are      effectively converted into other securities or property; or (v) any distribution of the      Corporation’s assets to holders of the Class A Common Stock as a liquidation or      partial liquidation dividend or by way of return of capital (each      of (i) - (v) above being a “Corporate Change”), and,      if such Corporate Change is not a Liquidation Event pursuant to the terms      of Paragraph 4, then the Holders shall thereafter have the right to      receive upon conversion, in lieu of the shares of Class A Common Stock      otherwise issuable, such shares of stock, securities and/or other property      as would have been issued or payable in such Corporate Change with respect      to or in exchange for the number of shares of Class A Common Stock which      would have been issuable upon conversion had such Corporate Change not      taken place, and in any such case, appropriate provisions (in form and      substance reasonably satisfactory to the Holders of a majority of the      Series E Preferred Stock then outstanding) shall be made with respect to      the rights and interests of the Holders to the end that the economic value      of the shares of Series E Preferred Stock are in no way diminished by such      Corporate Change and that the provisions hereof (including, without      limitation, in the case of any such consolidation, merger or sale in which      the successor entity or purchasing entity is not the Corporation, an      immediate adjustment of the Conversion Price so that the Conversion Price      immediately after the Corporate Change reflects the same relative value as      compared to the value of the surviving entity’s common stock that existed      immediately prior to such Corporate Change and the value of the Class A      Common Stock immediately prior to such Corporate  Change. |
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|   | (c) | Adjustment Due to      Dilutive Issuances.  Except for any Qualified Issuance      (as hereinafter defined), if at any time the Corporation shall offer,      issue or agree to issue any Class A Common Stock or securities convertible      into or exercisable for shares of Class A Common Stock (or modify any of      the foregoing which may be outstanding at any time prior to the Issuance      Date) to any person or entity at a price per share or conversion or      exercise price per share which shall be less than the Conversion Price      then in effect, then, for each such occasion, as to each share of Series E      Preferred Stock, without the consent of the Holder, the Conversion Price      shall be adjusted to equal such other lower price per share, and, as to      shares of Class A Common Stock, if any, that were previously issued upon      conversion of shares of the Series E Preferred Stock, the Corporation      shall issue additional shares of Class A Common Stock to the Holder so      that the average per share purchase price of the shares of Class A Common      Stock issued to the Holder upon the conversion of all shares of Series E      Preferred Stock is equal to such other lower price per      share.  For purposes of this Section 7.3(c) “Qualified Issuance”      shall mean (x) the grant, issuance or exercise of any convertible      securities pursuant to a qualified or non-qualified stock option plan of      the Corporation or any other bona fide employee benefit plan or incentive      arrangement, adopted or approved by the Board and approved by the      Corporation's shareholders, as may be amended from time to time, (y) the      grant, issuance or exercise of any convertible securities in connection      with the hire or retention of any officer, director or key employee of the      Corporation, provided such grant is approved by the Board, or (z) the      issuance of any shares of Class A Common Stock pursuant to the grant or      exercise of convertible securities outstanding as of the date hereof      (exclusive of any subsequent amendments  thereto). |
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|   | (d) | Other      Adjustments.  If the Corporation takes any action      affecting the Class A Common Stock after the date hereof that would be      covered by this Paragraph 7.3, but for the manner in which such action is      taken or structured, and such action would in any way diminish the value      of the Series E Preferred Stock, then the Conversion Price shall be      adjusted in such manner as the Board shall in good faith determine to be      equitable under the circumstances. |
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|   | 7.4 | Written Instrument as      to Adjustments.  Whenever the Conversion Price is      adjusted as herein provided, an officer of the Corporation shall compute      the adjusted Conversion Price in accordance with the foregoing provisions      and shall prepare a written instrument setting forth such adjusted      Conversion Price and showing in detail the facts upon which such      adjustment is based, and a copy of such written instrument shall forthwith      be mailed to each holder of record of the Series E Preferred Stock, and      made available for inspection by the stockholders of the      Corporation. |
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|   | 7.5 | Reservation of Class A      Common Stock.  The Corporation shall at all times reserve      and keep available, free from preemptive rights, out of its authorized but      unissued Class A Common Stock, for the purpose of effecting the conversion      of the shares of Series E Preferred Stock, the full number of shares of      Class A Common Stock then deliverable upon the conversion of all shares of      Series E Preferred Stock then outstanding, and such shares shall be      listed, subject to notice of issuance, on any stock exchange(s) on which      outstanding shares of Class A Common Stock may then be      listed. |
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|   | 7.6 | Payment of      Taxes.  The Corporation will pay any and all taxes that      may be payable in respect of the issuance or delivery of shares of Class A      Common Stock on conversion of shares of Series E Preferred Stock pursuant      hereto.  The Corporation shall not, however, be required to pay      any tax which may be payable in respect of any transfer involved in the      issue and delivery of shares of Class A Common Stock in a name other than      that in which the shares of Series E Preferred Stock so converted were      registered, and no such issue or delivery shall be made unless and until      the person requesting such issue has paid to the Corporation the amount of      any such tax, or has established, to the satisfaction of the Corporation,      that such tax has been paid or is notpayable. |
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|   | 7.7 | Ownership Cap and      Certain ExerciseRestrictions. |
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|   | (a) | Notwithstanding      anything to the contrary set forth in this Certification of Designation,      at no time may a Holder of this Series E Preferred Stock exercise this      Series E Preferred Stock if the number of shares of Class A Common Stock      to be issued pursuant to such exercise would exceed, when aggregated with      all other shares of Class A Common Stock owned by such Holder at such      time, the number of shares of Class A Common Stock which would result in      such Holder owning more than 4.999% of all of the Class A Common Stock      outstanding at such time; provided, however, that upon a holder of this      Series E Preferred Stock providing the Corporation with sixty-one (61)      days notice (the “Waiver Notice”) that such Holder would like to waive      this Section 7.7(a) with regard to any or all shares of Class A      Common Stock issuable upon exercise of this Series E Preferred Stock, this      Section 7.7(a) will be of no force or effect with regard to all or a      portion of the Series E Preferred Stock referenced in the Waiver      Notice. |
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|   | (b) | The      Holder may not exercise the Preferred Stock hereunder to the extent such      exercise would result in the Holder beneficially owning (as determined in      accordance with Section 13(d) of the Securities Exchange Act of 1934, as      amended, and the rules thereunder) in excess of 9.999% of the then issued      and outstanding shares of Class A Common Stock, including shares issuable      upon exercise of the Series E Preferred Stock held by the Holder after      application of this Section; provided, however that      upon a Holder of this Series E Preferred Stock providing the      Corporation  with a Waiver Notice that such holder would like to      waive this Section 7.7(b) with regard to any or all shares of Class A      Common Stock issuable upon exercise of the Series E Preferred Stock, this      Section 7.7(b) shall be of no force or effect with regard to those      shares of Series E Preferred Stock referenced in the Waiver      Notice. |
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|   | 7.8 | No      Impairment.  The Corporation will not, by amendment of      its Certificate of Incorporation or through any reorganization, transfer      of assets, consolidation, merger, dissolution, issue or sale of securities      or any other voluntary action, avoid or seek to avoid the observance or      performance of any of the terms to be observed or performed hereunder by      the Corporation, but will at all times in good faith assist in the      carrying out of all the provisions of Paragraphs 7.1 through 7.7 and in      the taking of all such actions as may be necessary or appropriate in order      to protect the conversion rights of the Holders against      impairment. |
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|   | 8. | Mandatory Conversion      or Redemption at Maturity.  If (a) any share of Series E      Preferred Stock remains outstanding on July 15, 2011, (the “Maturity      Date”) and (b) there is at the Maturity Date, and has been for the period      of 90 days preceding such Maturity Date, an effective registration      statement covering the resale of all of the Class A Common Stock      underlying the Series E Preferred Stock by the Holders (a “Registration      Statement”), then the Corporation shall automatically convert each such      share at the Conversion Price as of the Maturity Date without the Holder      of such share being required to give a Conversion Notice on such Maturity      Date.  If a Registration Statement is not effective on the      Maturity Date and has not been effective for at least a period of 90 days      preceding the Maturity Date, the Series E Preferred Stock shall not be so      converted but shall remain outstanding until such time Holder, in its sole      discretion, chooses to convert the Series E Preferred Stock by delivering      a Conversion Notice to the Corporation.  The conversion of      Series E Preferred Stock pursuant to the foregoing sentence shall be      effected at the Conversion Price as of the date of the Conversion Notice      and shall be otherwise made pursuant to and in accordance with the      procedures specified in Section 7hereof. |
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|   | 9. | Optional Redemption by      the Corporation. |
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|   | 9.1 | Call for      Redemption.  The Corporation at its option may call for      redemption of all the shares of Series E Preferred Stock outstanding (but      not less than all shares of the Series E Preferred Stock then outstanding)      if: (a) the closing trading price of the Class A Common Stock exceeds $.50      per share (as quoted on the principal exchange, including for this      purpose, the Nasdaq National Market on which it is then listed, or if it      is not so listed, the closing bid price per share for such stock, as      reported by Nasdaq, the OTC Bulletin Board, the National Quotation Bureau,      Incorporated or other similar service which regularly reports closing bid      quotations for such stock) for 15 trading days during any 20-trading day      period; and (b) there is at the time of the call for redemption by the      Corporation, and has been for the period specified in (a) above preceding      such call, an effective registration statement covering the resale of the      shares of Class A Common Stock underlying the Series E Preferred Stock by      the Holders. |
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|   | 9.2 | Redemption      Price.  The Corporation shall effect any redemption of      the Series E Preferred Stock by paying in cash in exchange for each share      of Series E Preferred Stock to be redeemed a sum equal to 150% of the      Stated Value of such share of Series E Preferred Stock plus all Accruing      Dividends accrued but unpaid thereon, whether or not declared, with      respect to such share (the "Redemption      Price"). |
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|   | 9.3 | Redemption      Notice. At least thirty (30) days but no more than sixty (60) days      prior to the date the Series E Preferred Stock is to be redeemed by the      Corporation (the "Redemption Date"), the      Corporation shall send a notice to each Holder to the address in the      Corporation's books and records (a "Series E Redemption      Notice") setting forth (A) the Series E Redemption Price for the      shares to be redeemed; and (B) the manner in which such Holders may obtain      payment of the Redemption Price upon surrender of their share      certificates. |
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|   | 9.4 | Deposit of Redemption      Price.  On or prior to the date the Series E Redemption      Notice is provided, the Corporation shall deposit the Redemption Price      with a bank or trust company having aggregate capital and surplus in      excess of $10,000,000, as a trust fund, with irrevocable instructions and      authority to the bank or trust company to pay, on and after such      Redemption Date, the Redemption Price to the Holders upon the surrender of      their share certificates. The balance of any funds deposited by the      Corporation pursuant to this Section 9.4 remaining unclaimed at the      expiration of one (1) year following such Redemption Date shall be      returned to the Corporation promptly upon its written    request. |
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|   | 9.5 | Surrender of      Certificates.  On or after the Redemption Date, each      Holder of shares of Series E Preferred Stock shall surrender such Holder's      certificates representing such shares to the Corporation in the manner and      at the place designated in the Redemption Notice, and thereupon the      Redemption Price of such shares shall be payable to the order of the      person whose name appears on such certificate or certificates as the owner      thereof and each surrendered certificate shall be  canceled. |
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|   | 9.6 | Suspension of Optional      Conversion Rights.  In the event of a call for redemption      of shares of Series E Preferred Stock, the conversion rights (as defined      in Section 7) for Series E Preferred Stock shall terminate at the close of      business on the fifth (5th) day preceding the  Redemption Date,      unless default is made in payment of the Redemption  Price. |
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|   | 10. | Required Holder      Approvals.  So long as any shares of Series E Preferred      Stock are outstanding, the Corporation shall not, without first obtaining      the approval (by vote or written consent) of the Holders of a majority of      the then outstanding shares of Series E Preferred Stock: (a) amend the      rights, preferences or privileges of the Series E Preferred Stock set      forth in this Certificate of Designation, (b), amend or waive any      provision of its Certificate of Incorporation in a manner that would alter      the rights, preferences or privileges of the Series E Preferred Stock, (c)      create any Senior Securities, or (d) enter into any agreement with respect      to the foregoing clauses (a) through(c). |
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|   | 11. | Notice of Corporate      Events.  If the Corporation (i) declares a dividend or      any other distribution of cash, securities or other property in respect of      its Class A Common Stock, including without limitation any granting of      rights or warrants to subscribe for or purchase any capital stock of the      Corporation, (ii) authorizes or approves, enters into any agreement      contemplating or solicits stockholder approval for any transaction or      (iii) authorizes the voluntary dissolution, liquidation or winding up of      the affairs of the Corporation, then the Corporation shall deliver to the      Holders a notice describing the material terms and conditions of such      transaction, at least 10 calendar days prior to the applicable record or      effective date on which Common Stock would need to be owned in order to      participate in or vote with respect to such transaction, and the      Corporation will take all steps reasonably necessary in order to insure      that the Holder is given the practical opportunity to convert its Series E      Preferred Stock prior to such time so as to participate in or vote with      respect to such transaction. |
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|   | 12. | Exclusion of Other      Rights.  Except as may otherwise be required by law, the      shares of Series E Preferred Stock shall not have any preferences or      relative, participating, optional or other special rights other than those      specifically set forth in this  resolution and in the      Certificate of Incorporation, asamended. |
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|   | 13. | Status of Series E      Preferred Stock Reacquired.  Shares of Series E Preferred      Stock, which have been issued and reacquired in any manner shall (upon      compliance with applicable provisions of the laws of the State of      Delaware), be deemed to be canceled and have the status of authorized and      unissued shares of the class of Preferred Stock issuable in series      undesignated as to series and may be redesignated and      reissued. |
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|   | 14. | Severability of      Provisions.  If any right, preference or limitation of      the Series E Preferred Stock set forth in this resolution is invalid,      unlawful, or incapable of being enforced by reason of any rule of law or      public policy, all other rights, preferences and limitations set forth in      this resolution which can be given effect without the invalid, unlawful or      unenforceable right, preference or limitation shall, nevertheless, remain      in full force and effect, and no right, preference or limitation herein      set forth shall be deemed dependent upon any other such right, preference      or limitation unless so expressedherein. |
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|   | 15. | Headings of      Subdivisions.  The headings of the various subdivisions      hereof are for convenience of reference only and shall not affect the      interpretation of any of the provisionshereof. |
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|   | /s/      Clark A. MarcusClark      A. MarcusPresident      and Chief ExecutiveOfficer |
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| c | [In      lieu of receiving the shares of Common Stock issuable pursuant to this      Notice of Conversion by way of DTC Transfer, the undersigned hereby      requests that the Corporation issue and deliver to the undersigned      physical certificates representing such shares of Common      Stock.] |
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