Salaries and Bonuses of Named Executive Officers

Exhibit 10.15

Salaries and Bonuses of Named Executive Officers

Thefollowing table sets forth for each person identified as a Named ExecutiveOfficer in the Company’s Proxy Statement for its 2006 Annual Meeting ofStockholders the discretionary bonuses for 2005 and annual salaries effective January 1,2006 approved by the Compensation Committee of the Board of Directors in December 2005and paid in January 2006:

Name of Executive Officer

 

 

 

Bonus for 2005

 

Salary for 2006

 

Leonard P. Shaykin

 

 

$

100,000

(1)

 

 

$

370,350

 

 

Martin M. Batt

 

 

$

20,000

(2)

 

 

$

270,000

 

 

Patricia A. Pilia

 

 

 

 

 

 

$

235,000

 

 

Gordon Link

 

 

$

16,667

(3)

 

 

$

240,000

 

 

Kai P. Larson

 

 

$

11,667

(4)

 

 

$

220,400

 

 


(1)          Does not include anadditional $100,000 which is contingent upon the Company closing a significantequity financing.

(2)          Does not include anadditional $40,000 which is contingent upon the Company closing a significantequity financing.

(3)          Does not include anadditional $33,333 which is contingent upon the Company closing a significantequity financing.

(4)          Does not include anadditional $38,333 which is contingent upon the Company closing a significantequity financing.