Summary of MICROFLUIDICS INTERNATIONAL CORP

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)

Option Grants to Named Executive Officers

On January 4, 2010 (the "Grant Date"), Microfluidics International Corporation
(the "Company") granted incentive stock options under and pursuant to the terms
of the Company's 2006 Stock Plan and form of employee stock option agreement to
the following named executive officers:


                        Named Executive Officer                   Options

                           Michael C. Ferrara                     75,000
                        Chief Executive Officer

                              Peter Byczko                        40,000
         Vice President of Finance and Chief Accounting Officer

                           William J. Conroy                      30,000
             Sr. Vice President Operations and Engineering

The exercise price of each of the options was the closing price on the Grant Date of the Company's common stock as reported on the OTC Bulletin Board, which was $0.90 per share. The options vest as to one-fourth of the shares underlying the option on the first anniversary of the Grant Date and one-fourth on each of the second, third and fourth anniversary of the Grant Date, vesting in full on January 4, 2014. The term of the incentive stock option is ten years from the Grant Date. Mr. Ferrara's options immediately accelerate upon a "change of control" as defined in the 2006 Stock Plan.