Q

Employee stock options were offered with the first offering period commencing on March 1, 2009 and ending on May 31, 2009. A total of 8,959 shares of the Company's common stock were purchased under the Employee Stock Purchase Plan at the conclusion of the first offering period along with equity offerings to select customers.

On March 3^rd, 2009, pursuant to the option exchange, 238,697 eligible options were canceled and replaced with 109,073 replacement stock options. The exchange ratio was calculated such that the value of the replacement options would approximate the value of the canceled options.

Additionally, to obtain additional cash, Lime Energy also acquired ADVB which elicited 7 million. As part of the acquisition of Advanced Biotherapy, Inc. ("ADVB") the Company agreed to exchange existing ADVB options for options to purchase the number of shares of its stock each holder would have received had he or she exercised the option in full prior to the acquisition with the same aggregate price and expiration date. On March 3, 2009, the Company exchanged 2,252,341 shares of its common stock for 1,060,421,884 shares of Advanced Biotherapy, Inc. ("ADVB") held by certain stockholders of ADVB (the "Sellers") representing approximately 90.8% of ADVB's issued and outstanding shares. However, since motivation for this acquisition was to generate cash, they stopped ADVB operations and it as a going concern.