| ·   | Act      honestly and ethically at all times, including, as described in more      detail below, handle appropriately any actual or apparent conflict of      interest between his or her personal and professional      relationships. |
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| ·   | Act      in good faith, responsibly and without misrepresenting material facts or      allowing his or her independent judgment to be  compromised. |
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| ·   | Refrain      from engaging in any activity that would prejudice his or her ability to      carry out his or her dutiesethically. |
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| ·   | Refrain      from engaging in or supporting any activity that would discredit the      Company. |
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| ·   | Comply      with all applicable laws, rules and regulations of federal, state and      local governments, and appropriate private and public regulatory agencies      or organizations, including such laws, rules and regulations protecting      individuals from discrimination and discriminatory behavior in      employment. |
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| ·   | Ensure      that all reasonable and necessary steps within his or her areas of      responsibility are taken to provide full, fair, accurate, timely and      understandable disclosure in reports and documents that the Company files      with or submits to the United States Securities and Exchange Commission,      state securities regulators or other regulatory  agencies. |
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| ·   | Provide      full, fair, accurate, and understandable information whenever      communicating with the Company’s stockholders or the general      public. |
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| ·   | Refrain      from taking, directly or indirectly, any action to fraudulently influence,      coerce, manipulate or mislead the Company’s independent public auditors      for the purposes of rendering the financial statements of the Company      misleading. |
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| ·   | Notify      promptly the General Counsel or the Chairman of the Audit Committee of the      Board of Directors (the “Audit Committee”) regarding any actual or      potential violation of this Code and/or any applicable securities or other      laws, rules or regulations by the Company or any Company director, officer      or employee.  Individuals may choose to remain anonymous in      reporting any possible violation of this Code.  Each individual      covered by this Code is responsible for ensuring that his or her own      conduct complies with this Code. |
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| ·   | Take      all reasonable measures to protect the confidentiality of non–public      information about the Company, its business, operations and customers      obtained or created in connection with such person’s activities and to      prevent the unauthorized disclosure of any such information, unless      required by law, regulation or legal or regulatory      process.  Such confidential information includes confidential      information of third parties that has been disclosed to the Company under      an agreement or other arrangement requiring the maintenance of such      confidentiality. |
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| ·   | Avoid      actual or apparent conflict of interest between such individual’s personal      and Company–related relationships.  For purposes of this Code,      the phrase “actual or apparent conflict of interest” shall be broadly      construed and include, for example, direct, indirect, potential and      apparent conflicts and any other personal, business or professional      relationship or dealings that has a reasonable possibility of creating      even the appearance of impropriety.  In particular, a director,      officer and employee of the Company should not participate in a personal      business transaction with the Company in which he or she (or any person or      entity with respect to whom or which he or she has a material family,      personal or financial relationship) will receive a significant revenue,      profit or gain, unless the relationship has been specifically disclosed in      advance and the transaction has been approved by the Company’s Audit      Committee or Board of Directors (or their      designee).  Individuals must promptly advise the Company’s      senior management or the Audit Committee of any situation or circumstance      that may result, or has resulted, in an actual or apparent conflict of      interest. |
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| ·   | Refuse,      and do not request or solicit, any significant gift, favor, or hospitality      that would influence or would appear to influence his or her judgment or      actions on behalf of the Company. |
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| ·   | Refrain      from any dealings with government officials, Company suppliers and      customers and any other person or entity with a material business      relationship with the Company that would violate any applicable law or      regulation or any known governmental or corporate policy with respect to      such matters.  This prohibition includes gifts or offers of      things of significant value if the purpose or result of such gift is to      influence improperly the business relationship between the Company and      such person or entity.  Nothing in this provision shall limit      bona fide marketing, business development, client entertainment, holiday      gift and similar expenses reasonably incurred in a manner consistent with      Company practice and policy. |
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| ·   | Maintain      an appropriate level of professional competence by continuing development      of his or her knowledge and skills. |
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| ·   | Perform      his or her professional duties in accordance with the appropriate      technical standards, as well as all applicable law and      regulations. |
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| ·   | Refrain      from disclosing to others confidential information acquired in the course      of his or her work except when authorized to do  so. |
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| ·   | Refrain      from using or appearing to use confidential information acquired in the      course of his or her work for unethical or illegal advantage either      personally or through thirdparties. |
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| ·   | Prepare      full, fair, accurate, timely and understandable financial information,      statements, reports and recommendations after appropriate analyses of      relevant and reliable data. |
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| ·   | Use      no funds or assets of the Company for any purpose that would violate any      applicable law or regulation. |
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| ·   | Make      no contribution to any political candidate, party or campaign in the      United States of America orelsewhere. |
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| ·   | Not      establish or maintain any fund, asset or account that is not properly      reflected on the Company’s books andrecords. |
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| ·   | Make      no false, artificial, or misleading entries in the Company’s books and      records. |
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| ·   | Effect      no transaction or payment by or on behalf of the Company with the      intention or understanding that the transaction or payment is other than      as described in the documentation evidencing the transaction or supporting      the payment. |
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| ·   | Perform      no services as a consultant, employee, officer, director, advisor or in      any other capacity for, or have a financial interest in, a competitor of      the Company, other than (a) services performed at the request of the      Company and (b) a financial interest of less than five percent (5%)      of the equity of a publicly heldcompany; |
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| ·   | Refrain      from using his or her position with the Company to influence, directly or      indirectly, any decision of the Company relating to a contract or      transaction with a significant supplier or customer of the Company, if the      director or officer: |
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| ·   | performs      services as a consultant, employee, officer, director, advisor or in any      other capacity for such significant supplier or customer;    or |
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| ·   | has      a financial interest in such significant supplier or customer, other than      an investment of less than five percent (5%) of the equity of a publicly      held company; |
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| ·   | Refrain      from supervising, reviewing or influencing the performance evaluation or      compensation of any person with respect to whom there exists an      undisclosed material family or personal relationship or financial      interest. |
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| ·   | Refrain      from any other activity or having any other interest that the Board of      Directors of the Company may reasonably determine to constitute a conflict      of interest. |
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