Designated Equity Issuance

Designated Equity Issuance. The issuance and sale by the Company of its common stock on or after the Amendment Effective Date and prior to June 30, 2009.

Designated Equity Issuance. Means the proposed sale of equity by Parent (as defined below) with proceeds to Parent of at least $4,000,000 prior to payment of any transaction expenses, which sale is contemplated to occur no later than August 31, 2012. The equity to be sold may consist of preferred stock, common stock, warrants to purchase common stock, or any combination thereof.