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| 1. | For      so long as the Company is a Small Business Issuer (as defined in      Regulation S-B adopted by the Securities and Exchange Commission (the      “SEC”)), the Audit Committee shall consist of no fewer than two directors      as determined by the Board. |
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| 2. | At      least two of the members of the Audit Committee shall meet the applicable      independence and experience requirements of the law, including      Sarbanes-Oxley, rules promulgated by the SEC, and rules promulgated by any      applicable stock exchange that form the primary listing for the Company,      except to the extent that the primary stock exchange rules permit a      director who is not independent pursuant to such rules to be a member of      the Audit Committee. |
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| 3. | The      members and Chairperson of the Audit Committee shall be appointed and may      be removed by the Board. |
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| 4. | Each      member of the Audit Committee shall in the judgment of the Board have the      ability to read and understand the Company’s basic financial      statements. |
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| 5. | One      of the members of the Audit Committee shall be a “financial expert”      pursuant to the requirements of theSEC. |
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| 6. | No      director who serves on the audit committee of more than three public      corporations other than the Company shall be eligible to serve as a member      of the Audit Committee. |
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| 1. | Meet      as often as it determines, but not less frequently than as required by the      SEC, applicable primary stock exchange or other applicable rule or      regulation. |
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| 2. | Be      directly responsible for the appointment, compensation, retention and      oversight of the work of the Company's independent public accountants and      the independent public accountants shall report directly to the Audit      Committee. |
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| 3. | Ensure      receipt of an annual formal written statement from the Company's      independent public accountants delineating all relationships between the      independent public accountants and the Company and discuss with the      independent public accountants any such relationships that may impact the      objectivity and independence of the independent public accountants; and      take appropriate action to oversee the independence of the independent      public accountants. |
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| 4. | Assure      the regular rotation of the lead audit partner and the concurring partner      every five years (with a five year time-out period after rotation), and      the regular rotation of other audit partners engaged in the Annual Audit      every seven years (with a two year time-out period after rotation), or as      otherwise required by law or the rules of the applicable primary stock      exchange; |
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| 5. | Be      responsible for the pre-approval of all audit services and permissible      non-audit services to be provided to the Company by the independent public      accountants, subject to any exceptions provided in the Securities Exchange      Act of 1934, as amended, and the rules of the SEC promulgated      thereunder. |
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| 6. | Review      external and internal audit reports of the  Company. |
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| 7. | Consult      with the independent public accountants, senior management, the internal      auditing staff of the Company and such other advisers as the Audit      Committee may deem necessary regarding their evaluation of the adequacy of      the Company's "internal controls over financial reporting" and "disclosure      controls and procedures" (as such terms are defined by the SEC), and make      specific recommendations to the Board of Directors in connection      therewith. |
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| 8. | Review      recommendations made by the independent public accountants and the      internal auditing staff of the Company, report to the Board of Directors      with respect thereto and with respect to external and internal audit      reports of the Company, and take any necessary actions in connection      therewith. |
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| 9. | Obtain      and review annually, prior to the filing of the Company's Annual Report on      Form 10-K or Form 10-KSB, a report from the independent public accountants      describing (a) all critical accounting policies and practices used or to      be used in the annual audit of the Company's year-end financial statements      (the "Annual Audit"), (b) all alternative treatments within generally      accepted accounting principles for policies and practices related to      material items that have been discussed with management, including      ramifications of the use of such alternative disclosures and treatments,      and the treatment preferred by the independent public accountants, and (c)      other material written communications between the independent public      accountants and management, such as any management letter or schedule of      unadjusted differences, and discuss with the independent public      accountants any material issues raised in such  report. |
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| 10. | Review      and discuss with the independent public accountants and management the      Company's annual audited financial statements (including the MD&A) and      recommend to the Board of Directors the inclusion of the Company's audited      financial statements in its Form 10-K or Form  10-KSB. |
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| 11. | Review      and discuss with the independent public accountants and management the      Company's quarterly unaudited financial statements prior to the      publication of the Company's earnings release and prior to the inclusion      of such financial statements (including the MD&A) in the Company's      Form 10-Q or Form 10-QSB. |
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| 12. | Prior      to the filing of each Form 10-Q or Form 10-QSB and the Form 10-K or Form      10-KSB, be available to discuss with the independent public accountants      the matters required to be discussed by Statement on Auditing Standards      No. 61 and other matters that should be communicated to the Audit      Committee under the professional standards of the American Institute of      Certified Public Accountants. |
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| 13. | Be      responsible for the review and oversight of all related-party      transactions, as such term is defined by the rules of the applicable      primary stock exchange. |
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| 14. | Establish      procedures for (i) the receipt, retention and treatment of complaints      received by the Company regarding accounting, internal accounting      controls, or auditing matters and (ii) the confidential, anonymous      submission by employees of the Company of concerns regarding questionable      accounting or auditing matters, and review periodically with management      these procedures and, if appropriate, any significant complaints received,      to the extent required by the Act, the rules of the SEC or the applicable      primary stock exchange. |
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| 15. | Prepare      a report to shareholders as required by the SEC and the applicable primary      stock exchange. |
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| 16. | Review      legal and regulatory matters that may have a material impact on the      financial statements. |
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| 17. | Review      periodically the Company’s Code of Ethics and the Company’s program to      monitor compliance therewith. |
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| 18. | Set      clear hiring policies for employees or former employees of the independent      public accountants. |
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| 19. | Review      and reassess the adequacy of this Charter on an annual basis in accordance      with applicable SEC and the applicable primary stock exchange audit      committee requirements. |
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| 20. | Review      and evaluate at least annually its own performance and      effectiveness. |
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| 21. | Perform      such other duties as the Board of Directors shall from time to time assign      to the Audit Committee. |
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