| Granted To:             |      ROBERT    A. BEARDSLEY                                                                                                                                                                                   |
|-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                    |                                                                                                                                                                                                                                   |
| Grant Date:             |      May    25, 2005                                                                                                                                                                                          |
|                    |                                                                                                                                                                                                                                   |
| Options Granted:        |      12,000                                                                                                                                                                                                   |
|                    |                                                                                                                                                                                                                                   |
| Option Price per Share: |      $4.5800                             Total    Cost to Exercise: $54,960.0000 |
|                    |                                                                                                                                                                                                                                   |
| Expiration Date:        |      May    25, 2015                                                                                                                                                                                          |
|                    |                                                                                                                                                                                                                                   |
| Vesting Schedule:       |      25%    per year for 4 years                                                                                                                                                                              |
|                    |                                                                                                                                                                                                                                   |
|                    |      3,000    on 05/25/2006                                                                                                                                                                                   |
|                    |      3,000    on 05/25/2007                                                                                                                                                                                   |
|                    |      3,000    on 05/25/2008                                                                                                                                                                                   |
|                    |      3,000    on 05/25/2009                                                                                                                                                                                   |

|       |                                            |   |                      |
|------------|-------------------------------------------------|--------|---------------------------|
| Signature: |     /s/ ROBERT A. BEARDSLEY |   | Date:  July 12, 2005 |
|       |                                                 |   |                      |
|       |     ROBERT A.    BEARDSLEY  |   |                      |

41 University Drive, Newtown, PA 18940    215-579-7388 (voice) • 215-579-8577 (fax)

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