Document:

Unassociated Document

    Exhibit
10.41

    EMPLOYMENT
AGREEMENT

    

    

    This
EMPLOYMENT AGREEMENT is entered into as of October 20, 2009, by and between
Bluefly, Inc., a Delaware corporation (the “Company”), and Martin J. Keane III
(“Keane”).

    

    RECITALS

    

    1.           Keane
currently serves as Senior Vice President of E-Commerce of the
Company.

    

    2.           The
parties desire that Keane continue to serve in such capacity in accordance with
the terms and conditions of this Agreement.

    

    NOW,
THEREFORE, in consideration of the mutual covenants contained in this Agreement,
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Company and Keane agree as follows:

    

    1.            
TERM

    

    The
Company hereby agrees to employ Keane as Senior Vice President of E-Commerce of
the Company, and Keane hereby agrees to serve in such capacity, for a term
ending on September 30, 2012 (as the same may be earlier terminated pursuant to
the terms of this Agreement, the “Employment Term”), upon the terms and subject
to the conditions contained in this Agreement.

    

    2.            
DUTIES

    

    During
the Employment Term, Keane shall serve as Senior Vice President of E-Commerce of
the Company, and shall be responsible for the duties attendant to such office
and such other managerial duties and responsibilities with the Company
consistent with such office as may be reasonably assigned from time to time by
the Chief Executive Officer, President and/or Chief Operating Officer of the
Company.

    

    The
principal location of Keane’s employment shall be in the New York City vicinity
(i.e., within a 20 mile radius), although Keane understands and agrees that he
will be required to travel from time to time for business
reasons.  Keane shall diligently and faithfully perform his
obligations under the Agreement and shall devote his full professional and
business time to the performance of his duties as Senior Vice President of
E-Commerce of the Company during the Employment Term.  Keane shall
not, directly or indirectly, render business services to any other person or
entity, without the consent of the Company's Chief Executive
Officer.

    

    3.            
BASE
SALARY

     

    For
services rendered by Keane to the Company during the Employment Term,

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    the
Company shall pay him a base salary of $245,000 per year, payable in accordance
with the standard payroll practices of the Company, subject to annual increases
in the sole discretion of the Chief Executive Officer and the Company's Board of
Directors, taking into account the financial and operating performance of the
Company's business and divisions and a qualitative assessment of Keane’s
performance during such year.

    

    4.            
BONUS

    

    During
the Employment Term, Keane shall be eligible to receive a bonus set by the
Company’s Board of Directors in its sole discretion and based on such factors as
the Board of Directors deems appropriate.  All bonuses shall be paid
in accordance with the Company’s standard payroll practices, net of any
applicable withholding.  No bonus will be payable under this Section
unless Keane is employed as of the date such bonus is awarded.

    

    

    5.            
EXPENSE REIMBURSEMENT
AND PERQUISITES

    

    a.           During
the Term of this Agreement, Keane shall be entitled to reimbursement of all
reasonable and actual out-of­-pocket expenses incurred by him in the
performance of him services to the Company consistent with corporate policies,
if any, provided that the expenses are properly accounted for.  Any
such reimbursement will be made to Keane as soon as administratively feasible
following submission of such documentation of such expense, but shall be made no
later than the calendar year following the calendar year in which such expense
is incurred by Keane.

    

    b.           During
each calendar year of the Employment Term, Keane shall be entitled to reasonable
vacation with full pay in accordance with the Company’s then-current vacation
policies; provided, however, that Keane
shall schedule such vacations at times convenient to the Company.

    

    c.           Keane
shall be entitled to participate in all health insurance (National Oxford),
dental insurance, long-term disability insurance and other employee benefit
plans instituted by the Company from time to time on the same terms and
conditions as other similarly situated employees of the Company, to the extent
permitted by law.  In addition, Keane shall be a covered officer under
the Company’s now existing and any future Directors and Officers liability
policy.

    

    6.            
NON-COMPETITION;
NON-SOLICITATION

    

    a.           In
consideration of the offer of employment, severance benefits and Options to be
granted to Keane hereunder, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, during the
Non-Competition Term, Keane shall not, without the prior written consent of the
Company, anywhere in the world, 

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    directly
or indirectly, (i) enter into the employ of or render any services to any
Competitive Business; (ii) engage in any Competitive Business for his own
account; (iii) become associated with or interested in any Competitive Business
as an individual, partner, shareholder, creditor, director, officer, principal,
agent, employee, trustee, consultant, advisor or in any other relationship or
capacity; (iv) employ or retain, or have or cause any other person or entity to
employ or retain, any person who was employed or retained by the Company while
Keane was employed by the Company; or (v) solicit, interfere with, or endeavor
to entice away from the Company, for the benefit of a Competitive Business, any
of its customers or other persons with whom the Company has a contractual
relationship.  For purposes of this Agreement, a “Competitive
Business” shall mean any person, corporation, partnership, firm or other entity
which sells or has plans to sell ten (10) or more brands of luxury or high-end
designer apparel and/or fashion accessories at prices that are consistently
discounted to manufacturer’s suggested retail prices.   However,
nothing in this Agreement shall preclude Keane from investing his personal
assets in the securities of any corporation or other business entity which is
engaged in a Competitive Business if such securities are traded on a national
stock exchange or in the over-the-counter market and if such investment does not
result in him beneficially owning, at any time, more than three percent (3%) of
the publicly-traded equity securities of such Competitive
Business.  For purposes of this agreement, the “Non-Competition Term”
shall mean a period beginning upon the commencement of the Employment Term and
ending on the two (2) year anniversary of the end of the Employment
Term.

    

    b.           Keane
and the Company agree that the covenants of non-competition and non-solicitation
contained in this paragraph 6 are reasonable covenants under the circumstances,
and further agree that if, in the opinion of any court of competent
jurisdiction, such covenants are not reasonable in any respect, such court shall
have the right, power and authority to excise or modify such provision or
provisions of these covenants as to the court shall appear not reasonable and to
enforce the remainder of these covenants as so amended.  Keane agrees
that any breach of the covenants contained in this paragraph 6 would irreparably
injure the Company.  Accordingly, Keane agrees that the Company, in
addition to pursuing any other remedies it may have in law or in equity, may
obtain an injunction against Keane from any court having jurisdiction over the
matter, restraining any further violation of this paragraph 6.

    

    7.            
TERMINATION

    

    a.           This
Agreement, the employment of Keane, and Keane’s position as Senior Vice
President of E-Commerce of the Company shall terminate upon the first to occur
of:

    

    
      
        	
                 
      

              	
                (i)

              	
                his
      death;

              

      

    

    

    
      	
               
      

            	
              (ii)

            	
              his
      "permanent disability," due to injury or sickness for a continuous period
      of four (4) months, or a total of eight months in a twenty-four month
      period (vacation time excluded), during which time Keane is unable in
      substantial part to attend to his ordinary and regular duties,

            

    

     

    
      
        

        
          
             

          

          
            3

            
              

            

          

          
             

          

        

        
          	
                   
      

                	
                   

                	
                  provided
      that the Company shall give Keane thirty (30) days’ written notice prior
      to any such termination;

                

        

         

      

    

    
      	
               
      

            	
              (iii)

            	
              a
      "Constructive Termination" by the Company during the Employment Term,
      which, for purposes of this Agreement, shall be deemed to have occurred
      upon (A) the removal of Keane without his consent from his position as
      Senior Vice President of E-Commerce of the Company, or (B) the material
      breach by the Company of this Agreement; provided that a
      Constructive Termination shall not be deemed to have occurred unless: (1)
      Keane gives the Company notice within ninety (90) days after an event or
      occurrence which Keane believes constitutes a Constructive Termination,
      specifying the event or occurrence which Keane believes constitutes a
      Constructive Termination; and (2) the Company fails to cure such act or
      failure to act within thirty (30) days after receipt of such
      notice.

            

    

    

    
      	
               
      

            	
              (iv)

            	
              the
      termination of this Agreement at any time without cause by the
      Company;

            

    

    

    
      	
               
      

            	
              (v)

            	
              the
      termination of this Agreement for cause, which, for purposes of this
      Agreement, shall mean that (1) Keane has been convicted of a felony or any
      serious crime involving moral turpitude, or engaged in materially
      fraudulent or materially dishonest actions in connection with the
      performance of his duties hereunder, or (2) Keane has willfully and
      materially failed to perform his duties hereunder, or (3) Keane has
      willfully or negligently breached the terms and provisions of this
      Agreement in any material respect, or (4) Keane has failed to comply in
      any material respect with the Company's policies of conduct that have been
      communicated to him, including with respect to trading in securities,
      provided that the Company shall provide Keane with at least five (5)
      business days’ prior written notice of any such failure to comply and an
      opportunity to cure such failure, to the extent curable;
  or

            

    

    

    
      	
               
      

            	
              (vi)

            	
              the
      termination of this Agreement by Keane, which shall occur on not less than
      30 days prior written notice from
Keane.

            

    

    

    b.           In
the event that this Agreement is terminated during the Employment Term pursuant
to paragraphs 7(a)(i), 7(a)(ii), 7(a)(v) or 7(a)(vi), the Company shall pay
Keane his base salary only through the date of termination.  In the
event that this Agreement is terminated during the Employment Term pursuant to
paragraphs 7(a)(iii) or 7(a)(iv), the Company shall pay Keane, contingent upon
his continued performance of his obligations under Section 6, the then-current
base salary for a period of one-hundred eighty (180) days (the “Severance
Payments”).  The Severance Payments shall be payable in periodic
installments in accordance with the Company's standard payroll practices and
will be subject to any applicable 

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    withholding,
and shall be conditioned upon Keane executing an effective release of any claims
against the Company, in a form reasonably satisfactory to the
Company.  Except as provided in this paragraph, upon any termination
of employment, all other rights Keane may have to base salary, perquisites or
other compensation as set forth in paragraphs 3, 4, and/or 5, including, without
limitation, bonus payments and unvested option grants, but excluding any vested
option, shall be forfeited.

    

    c.           Notwithstanding
anything herein to the contrary, if any payments due under this Agreement would
subject Keane to any tax imposed under Section 409A of the Code if such payments
were made at the time otherwise provided herein, then the payments that cause
such taxation shall be payable in a single lump sum on the first day which is at
least six (6) months after the date of Keane’s "separation from service" as set
forth in Code Section 409A(2)(A)(i) and the official guidance issued
thereunder.

    

    

    8.         
   CONFIDENTIALITY

    

    a.           Keane
recognizes that the services to be performed by him are special, unique and
extraordinary in that, by reason of his employment under this Agreement, he may
acquire or has acquired confidential information and trade secrets concerning
the operation of the Company, its  predecessors, and/or its
affiliates, the use or disclosure of which could cause the Company, or its
affiliates substantial loss and damages which could not be readily calculated
and for which no  remedy at law would be
adequate.  Accordingly, Keane covenants and agrees with the Company
that he will not at any time during the Term of this Agreement or thereafter,
except in the performance of his obligations to the Company or with the prior
written consent of the Board of Directors or as otherwise required by court
order, subpoena or other government process, directly or indirectly, disclose
any secret or confidential information that he may learn or has learned by
reason of his association with the Company.  If Keane shall be
required to make such disclosure pursuant to court order, subpoena or other
government process, he shall notify the Company of the same, by personal
delivery or electronic means, confirmed by mail, within twenty-four (24) hours
of learning of such court order, subpoena or other government process and, at
the Company's expense (such expenses to be advanced by the Company as reasonably
required by Keane), shall (i) take all necessary and lawful steps reasonably
required by the Company to defend against the enforcement of such subpoena,
court order or government process, and (ii) permit the Company to intervene and
participate with counsel of its choice in any proceeding relating to the
enforcement thereof.   The term "confidential information"
includes, without limitation, information not in the public domain and not
previously disclosed to the public or to the trade by the Company's management
with respect to the Company's or its affiliates' facilities and methods, trade
secrets and other intellectual property, designs, manuals, confidential reports,
supplier names and pricing, customer names and prices paid, financial
information or business plans.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    b.           Keane
confirms that all confidential information is and shall remain the exclusive
property of the Company.  All memoranda, notes, reports, software,
sketches, photographs, drawings, plans, business records, papers or other
documents or computer-stored or disk-stored information kept or made by Keane
relating to the business of the Company shall be and will remain the sole and
exclusive property of the Company and all such materials containing confidential
information shall be promptly delivered and returned to the Company immediately
upon the termination of his employment with the Company.

    

    c.           Keane
shall make full and prompt disclosure to the Company of all inventions,
improvements, ideas, concepts, discoveries, methods, developments, software and
works of authorship, whether or not copyrightable, trademarkable or licensable,
which are created, made, conceived or reduced to practice by Keane while
performing his services hereunder to the Company, whether or not during normal
working hours or on the premises of the Company and which relate in any manner
to the business of the Company (all of which are collectively referred to in
this Agreement as "Developments").  All Developments shall be the sole
property of the Company, and Keane hereby assigns to the Company, without
further compensation, all of his rights, title and interests in and to the
Developments and any and all related patents, patent applications, copyrights,
copyright applications, trademarks and trade names in the United States and
elsewhere.

    

    d.           Keane
shall assist the Company in obtaining, maintaining and enforcing patent,
copyright and other forms of legal protection for intellectual property in any
country. Upon the request of the Company, Keane shall sign all applications,
assignments, instruments and papers and perform all acts necessary or desired by
the Company in order to protect its rights and interests in any
Developments.

    

    e.           Keane
agrees that any breach of this paragraph 8 will cause irreparable damage to the
Company and that, in the event of such breach, the Company will have, in
addition to any and all remedies of law, including rights which the Company may
have to damages, the right to equitable relief including, as appropriate, all
injunctive relief or specific performance or other equitable
relief.  Keane understands and agrees that the rights and obligations
set forth in paragraph 8 shall survive the termination or expiration of this
Agreement.

    

    9.       
     REPRESENTATIONS AND
WARRANTIES

    

    a.           Keane
represents and warrants to the Company that he was advised to consult with an
attorney of Keane's own choosing concerning this Agreement.

    

    b.           Keane
represents and warrants to the Company that, to the best of his knowledge, the
execution, delivery and performance of this Agreement by Keane complies with all
laws applicable to Keane or to which his properties are subject and does not
violate, breach or conflict with any agreement by which he or his assets are
bound or affected.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    10.         
   INDEMNIFICATION

    

    The Company shall indemnify and hold
Keane harmless to the fullest extent permitted by law from and against any and
all claims, losses, liabilities, damages and expenses including, but not limited
to, reasonable attorneys’ fees incurred by, imposed upon or asserted against
Keane as a result of or arising out of any acts or omission by Keane in his
capacity as an officer, director, employee or consultant of the
Company.

    

    

    11.        
    GOVERNING LAW; CHOICE OF
FORUM

    

    This
Agreement shall be deemed a contract made under, and for all purposes shall be
construed in accordance with, the internal laws of the State of New York,
without giving effect to its conflict of law provisions.  Any dispute
arising hereunder shall be subject to the exclusive jurisdiction of the federal
and State courts located in New York, New York, and each of the parties hereto
hereby irrevocably submits to such jurisdiction and waives any objection to such
venue.

    

    12.          
  ENTIRE
AGREEMENT

    

    This
Agreement contains all of the understandings between Keane and the Company
pertaining to Keane’s employment with the Company, and it supersedes all
undertakings and agreements, whether oral or in writing, previously entered into
between them.

    

    13.           
 AMENDMENT OR
MODIFICATION; WAIVER

    

    No
provision of this Agreement may be amended or modified unless such amendment or
modification is agreed to in writing, signed by Keane and by an officer of the
Company duly authorized to do so.  Except as otherwise specifically
provided in this Agreement, no waiver by either party of any breach by the other
party of any condition or provision of this Agreement to be performed by such
other party shall be deemed a waiver of a similar or dissimilar provision or
condition at the same or any prior or subsequent time.

    

    14.           NOTICES

    

    Any
notice to be given hereunder shall be in writing and delivered personally or
sent by overnight delivery or certified mail, postage prepaid, return receipt
requested, addressed to the party concerned at the address indicated below or to
such other address as such party may subsequently designate by like
notice:

    

    
      
         

      

      
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    If to the
Company, to:

    

    Bluefly,
Inc.

    42 West
39th Street

    New York,
NY 10018

    Attn:
Chief Executive Officer

    

    

    If to
Keane, to:

    

    at the
address then on file in the Company’s payroll system

    

    Any such
notice shall be deemed given upon receipt.

    

    16.           SEVERABILITY

    

    In the
event that any provision or portion of this Agreement shall be determined to be
invalid or unenforceable for any reason, the remaining provisions or portions of
this Agreement shall be unaffected thereby and shall remain in full force and
effect to the fullest extent permitted by law.

    

    17.           TITLES

    

    Titles of
the paragraphs of this Agreement are intended solely for convenience of
reference and no provision of this Agreement is to be construed by reference to
the title of any paragraphs.

    

    18.           COUNTERPARTS

    

    This
Agreement may be executed in counterparts, each of which shall be deemed an
original, and all of which together shall constitute one and the same
instrument.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the date
first above written.

     

    
      
        	 	BLUEFLY,
      INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Melissa
      Payner-Gregor	 
	 	 	Melissa
      Payner-Gregor	 
	 	 	Chief
      Executive Officer	 
	 	 	 	 

      

    

    
      
        	 	EMPLOYEE	 
	 	 	 	 
	
                 

              	
                 

              	/s/ Martin
      J. Keane III	 
	 	 	Martin
      J. Keane III	 
	 	 	 	 
	 	 	 	 

      

    

     

     

     

     

    
      
         

      

      
        9EXHIBIT 4.1
                                                                -----------

                               ENTECH SOLAR, INC.

                          CERTIFICATE OF DESIGNATIONS
                     OF PREFERENCES, RIGHTS AND LIMITATIONS
                                       OF
                            SERIES G PREFERRED STOCK

           The undersigned, Sandra J. Martin, hereby certifies that:

     1.    She is the Chief Financial Officer of Entech Solar, Inc., a Delaware
corporation (the "Corporation").
                  -----------

     2.    The Corporation is authorized to issue 10,000,000 shares of preferred
stock, of which 66,667 shares of Series A Preferred Stock, 611,111 shares of
Series B Preferred Stock, 750,000 shares of Series C Preferred Stock, 8,000,000
shares of Series D Preferred Stock, 19,700 shares of Series E Preferred Stock,
and 20,000 shares of Series F Preferred Stock have been designated and
authorized and of which no shares of Series A Preferred Stock, 611,111 shares of
Series B Preferred Stock, no shares of Series C Preferred Stock, 4,892,857
shares of Series D Preferred Stock, no shares of Series E Preferred Stock, and
no shares of Series F Preferred Stock are currently issued and outstanding.

     3.     The following resolutions were duly adopted by the Board of
Directors:

     WHEREAS, the Certificate of Incorporation of the Corporation provides for a
class of its authorized stock known as preferred stock, comprised of 10,000,000
shares, $0.01 par value per share (the "Preferred Stock"), issuable from time to
                                        ---------------
time in one or more series;

     WHEREAS, the Board of Directors of the Corporation is authorized to fix the
dividend rights, dividend rate, voting rights, conversion rights, rights and
terms of redemption and liquidation preferences of any wholly unissued series of
Preferred Stock and the number of shares constituting any series and the
designation thereof, of any of them; and

     WHEREAS, it is the desire of the Board of Directors of the Corporation,
pursuant to its authority as aforesaid, to fix the rights, preferences,
restrictions and other matters relating to a series of Preferred Stock, which
shall consist of up to 1,000 shares of the Preferred Stock which the Corporation
has the authority to issue, with face value of $10,000.00 per share, as follows:

     NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby
provide for the issuance of a series of Preferred Stock for cash or exchange of
other securities, rights or property and does hereby fix and determine the
rights, preferences, restrictions and other matters relating to such series of
Preferred Stock as follows:

                            TERMS OF PREFERRED STOCK

1.     Designation, Amount and Par Value.  The series of Preferred Stock shall
       ---------------------------------
be designated as the Corporation's Series G Preferred Stock (the "Series G
                                                                  --------
Preferred Stock") and the number of shares so designated shall be 1,000 (which
---------------
shall not be subject to increase without any consent of the holders of the
Series G  Preferred Stock (each a "Holder" and collectively, the "Holders") that
                                   ------                         -------
may be required by applicable law.  Each share of Series G Preferred Stock
shall have a par value of $0.01 per share.

2.     Ranking and Voting.
       ------------------

       a.     Ranking.  The Series G Preferred Stock shall, with respect to
              -------
dividend rights and rights upon liquidation, winding-up or dissolution, rank:
(i) senior to the Corporation's common stock, par value $0.001 per share
("Common Stock"), and any other class or series of preferred stock of the
  ------------
Corporation except as set forth in clause (ii) below (collectively, together
with any warrants, rights, calls or options exercisable for or convertible into
such Preferred Stock, the "Junior Securities"); and (ii) junior to the Series D
                           -----------------
Preferred Stock and all existing and future indebtedness of the Corporation.

       b.     Voting.  Except as required by applicable law or as set forth
              ------
herein, the holders of shares of Series G Preferred Stock will have no right to
vote on any matters, questions or proceedings of this Corporation including,
without limitation, the election of directors.

3.     Dividends and Other Distributions.  Commencing on the date of the
       ---------------------------------
issuance of any such shares of Series G Preferred Stock (each respectively an
"Issuance Date"), Holders of Series G Preferred Stock shall be entitled to
 -------------
receive annual dividends on each outstanding share of Series G Preferred Stock
("Dividends"), which shall accrue in shares of Series G Preferred Stock at a
  ---------
rate equal to 10.0% per annum from the Issuance Date.  Accrued Dividends shall
              -----
be payable upon redemption of the Series G Preferred Stock in accordance with
Section 6.
---------
        a.    Any calculation of the amount of such Dividends payable pursuant
to the provisions of this Section 3 shall be made based on a 365-day year and on
                          ---------
the number of days actually elapsed during the applicable period, compounded
annually.

        b.    So long as any shares of Series G Preferred Stock are outstanding,
no dividends or other distributions will be paid, declared or set apart with
respect to any Junior Securities.  The Common Stock shall not be redeemed while
the Series G Preferred Stock is outstanding.

4.     Protective Provision.  So long as any shares of Series G Preferred Stock
       --------------------
are outstanding, the Corporation shall not, without the affirmative approval of
the Holders of a majority of the shares of the Series G Preferred Stock then
outstanding (voting as a class),
(a) alter or change adversely the powers, preferences or rights given to the
Series G Preferred Stock or alter or amend this Certificate of Designations, (b)
authorize or create any class of stock ranking as to distribution of assets upon
a liquidation senior to or otherwise pari passu with the Series G Preferred
Stock, (c) amend its certificate or articles of incorporation, articles of
association, or other charter documents in breach of any of the provisions of
this Certificate of Designations, (d) increase the authorized number of shares
of Series G Preferred Stock, (e) liquidate, dissolve or wind-up the business and
affairs of the Corporation, or effect any Deemed Liquidation Event (as defined
below), or (f) enter into any agreement with respect to the foregoing.

     a.      A "Deemed Liquidation Event" shall mean: (i) a merger or
                ------------------------
consolidation in which the Corporation is a constituent party or a subsidiary of
the Corporation is a constituent party and the Corporation issues shares of its
capital stock pursuant to such merger or consolidation, except any such merger
or consolidation involving the Corporation or a subsidiary in which the shares
of capital stock of the Corporation outstanding immediately prior to such merger
or consolidation continue to represent, or are converted into or exchanged for
shares of capital stock that represent, immediately following such merger or
consolidation, at least a majority, by voting power, of the capital stock of the
surviving or resulting corporation or if the surviving or resulting corporation
is a wholly owned subsidiary of another corporation immediately following such
merger or consolidation, the parent corporation of such surviving or resulting
corporation; or (ii) the sale, lease, transfer, exclusive license or other
disposition, in a single transaction or series of related transactions, by the
Corporation or any subsidiary of the Corporation of all or substantially all the
assets of the Corporation and its subsidiaries taken as a whole, or the sale or
disposition (whether by merger or otherwise) of one or more subsidiaries of the
Corporation if substantially all of the assets of the Corporation and its
subsidiaries taken as a whole are held by such subsidiary or subsidiaries,
except where such sale, lease, transfer, exclusive license or other disposition
is to a wholly owned subsidiary of the Corporation.

     b.     The Corporation shall not have the power to effect a Deemed
Liquidation Event referred to in Section 4(a) unless the agreement or plan of
                                 ------------
merger or consolidation for such transaction provides that the consideration
payable to the stockholders of the Corporation shall be allocated among the
holders of capital stock of the Corporation in accordance with Section 5.
                                                               ---------

5.     Liquidation.
       -----------

       a.    Upon any liquidation, dissolution or winding up of the Corporation,
whether voluntary or involuntary, after payment or provision for payment of
debts and other liabilities of the Corporation, before any distribution or
payment shall be made to the holders of any Junior Securities by reason of their
ownership thereof, the Holders of Series G Preferred Stock shall first be
entitled to be paid out of the assets of the Corporation available for
distribution to its stockholders an amount with respect to each outstanding
share of Series G Preferred Stock equal to $10,000.00 (the "Original Series G
                                                            -----------------
Issue Price"), plus any accrued but unpaid Dividends thereon (collectively, the
-----------
"Series G Liquidation Value").  If, upon any liquidation, dissolution or winding
 --------------------------
up of the Corporation, whether voluntary or involuntary, the amounts payable
with respect to the shares of Series G Preferred Stock are not paid in full, the
holders of shares of Series G Preferred Stock shall share equally and ratably in
any distribution of assets of the Corporation in proportion to the liquidation
preference and an amount equal to all accumulated and unpaid Dividends, if any,
to which each such holder is entitled.

       b.    After payment has been made to the Holders of the Series G
Preferred Stock of the full amount of the Series G Liquidation Value, any
remaining assets of the Corporation shall be distributed among the holders of
the Corporation's Junior Securities in accordance with the Corporation's
Certificates of Designation and Certificate of Incorporation.

       c.    If, upon any liquidation, dissolution or winding up of the
Corporation, the assets of the Corporation shall be insufficient to make payment
in full to all Holders, then such assets shall be distributed among the Holders
at the time outstanding, ratably in proportion to the full amounts to which
they would otherwise be respectively entitled.

6.     Redemption.
       ----------

       a.    Corporation's Redemption Option.  Upon or after the fourth
             -------------------------------
anniversary of the initial Issuance Date, the Corporation shall have the right,
at the Corporation's option, to redeem all or a portion of the shares of Series
G Preferred Stock, at a price per share (the "Corporation Redemption Price")
                                              ----------------------------
equal to 100% of the Series G Liquidation Value.

       b.    Early Redemption.  Prior to redemption pursuant to Section 6(a)
             ----------------                                   ------------
hereof, the Corporation shall have the right, at the Corporation's option, to
redeem all or a portion of the shares of Series G Preferred Stock, at a price
per share equal to: (i) 127% of the Series G Liquidation Value if redeemed on
or after the first anniversary but prior to the second anniversary of the
initial Issuance Date, (ii) 118% of the Series G Liquidation Value if redeemed
on or after the second anniversary but prior to the third anniversary of the
initial Issuance Date, and (iii) 109% of the Series G Liquidation Value if
redeemed on or after the third anniversary but prior to the fourth anniversary
of the initial Issuance Date.

       c.    Mandatory Redemption.  If the Corporation determines to liquidate,
             ---------------------
dissolve or wind-up its business and affairs, or effect any Deemed Liquidation
Event, the Corporation shall redeem the Series G Preferred Stock at the prices
set forth in Section 6(b) including the premium for early redemption set forth
             ------------
therein.

       d.    Mechanics of Redemption.  If the Corporation elects to redeem any
             -----------------------
of the Holders' Series G Preferred Stock then outstanding, it shall do so by
delivering written notice thereof via facsimile and overnight courier ("Notice
                                                                        ------
of Redemption at Option of Corporation") to each Holder, which Notice of
--------------------------------------
Redemption at Option of Corporation shall indicate (A) the number of shares of
Series G Preferred Stock that the Corporation is electing to redeem and (B) the
Corporation Redemption Price (plus the premium for early redemption pursuant to
Section 6(b) if applicable).
------------

       e.    Payment of Redemption Price.  Upon receipt by any Holder of a
             ---------------------------
Notice of Redemption at Option of Corporation, such Holder shall promptly submit
to the Corporation such Holder's Series G Preferred Stock certificates.  Upon
receipt of such Holder's Series G Preferred Stock certificates, the Corporation
shall pay the Corporation Redemption Price (plus the premium for early
redemption pursuant to Section 6(b) if applicable), to such Holder, at the
                       ------------
Corporation's option either (i) in cash, or (ii) by offset against any
outstanding note payable from Holder to the Corporation that was issued by
Holder in connection with the exercise of warrants by such Holder.

7.     Transferability. The Series G Preferred Stock may only be sold,
       ---------------
transferred, assigned, pledged or otherwise disposed of ("Transfer") in
                                                          --------
accordance with state and federal securities laws.  The Corporation shall keep
at its principal office, or at the offices of the transfer agent, a register of
the Series G Preferred Stock.  Upon the surrender of any certificate
representing Series G Preferred Stock at such place, the Corporation, at the
request of the record Holder of such certificate, shall execute and deliver (at
the Corporation's expense) a new certificate or certificates in exchange
therefor representing in the aggregate the number of shares represented by the
surrendered certificate.  Each such new certificate shall be registered in such
name and shall represent such number of shares as is requested by the Holder of
the surrendered certificate and shall be substantially identical in form to the
surrendered certificate.

8.     Miscellaneous.
       -------------

       a.    Notices.  Any and all notices to the Corporation shall be addressed
             -------
to the Corporation's President or Chief Executive Officer at the Corporation's
principal place of business on file with the Secretary of State of the State of
Delaware.  Any and all notices or other communications or deliveries to be
provided by the Corporation to any Holder hereunder shall be in writing and
delivered personally, by facsimile, sent by a nationally recognized overnight
courier service addressed to each Holder at the facsimile telephone number or
address of such Holder appearing on the books of the Corporation, or if no such
facsimile telephone number or address appears, at the principal place of
business of the Holder. Any notice or other communication or deliveries
hereunder shall be deemed given and effective on the earliest of (i) the date of
transmission, if such notice or communication is delivered via facsimile at the
facsimile telephone number specified in this Section 8 prior to 5:30 p.m.
                                             ---------
Eastern time, (ii) the date after the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile telephone number
specified in this section later than 5:30 p.m. but prior to 11:59 p.m. Eastern
time on such date, (iii) the second business day following the date of mailing,
if sent by nationally recognized overnight courier service, or (iv) upon actual
receipt by the party to whom such notice is required to be given.

       b.    Lost or Mutilated Preferred Stock Certificate.  Upon receipt of
             ---------------------------------------------
evidence reasonably satisfactory to the Corporation (an affidavit of the
registered Holder shall be satisfactory) of the ownership and the loss, theft,
destruction or mutilation of any certificate evidencing shares of Series G
Preferred Stock, and in the case of any such loss, theft or destruction upon
receipt of indemnity reasonably satisfactory to the Corporation (provided that
if the Holder is a financial institution or other institutional investor its own
agreement shall be satisfactory) or in the case of any such mutilation upon
surrender of such certificate, the Corporation shall, at its expense, execute
and deliver in lieu of such certificate a new certificate of like kind
representing the number of shares of such class represented by such lost,
stolen, destroyed or mutilated certificate and dated the date of such lost,
stolen, destroyed or mutilated certificate.

       c.    Headings.  The headings contained herein are for convenience only,
             --------
do not constitute a part of this Certificate of Designations and shall not be
deemed to limit or affect any of the provisions hereof.

<PAGE>

     RESOLVED, FURTHER, that the chairman, chief executive officer, president or
any vice-president, and the secretary or any assistant secretary, of the
Corporation be and they hereby are authorized and directed to prepare and file a
Designation of Preferences, Rights and Limitations of Series G Preferred Stock
in accordance with the foregoing resolution and the provisions of Delaware law.

IN WITNESS WHEREOF, the undersigned has executed this Certificate of
Designations this 16th day of February, 2010.

By:     /s/ Sandra J. Martin
       -----------------------------------
       Name:   Sandra J. Martin
       Title:  Chief Financial Officer

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