| 1. | Each                director, officer and employee shall act with honesty and integrity                and in                an ethical manner. Each director, officer and employee shall endeavor                to                deal fairly with the Company's customers, suppliers, competitors                and                employees. |
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| 2. | Each                director, officer and employee shall avoid conflicts of interest                between                his or her personal, private interests and the interests of the Company                and seek to avoid the appearance of such conflicts of interest. A                conflict                of interest may arise when an individual takes actions or has interests                that make it difficult to perform his or her Company work objectively                and                effectively, or when an individual uses his or her position at the                Company                for improper personal benefit.  Actual and potential conflicts                of interest must be promptly called to the attention of the Chief                Executive Officer or Chief Financial Officer of the Company. Any                transactions or relationships of a director or executive officer                potentially involving any such conflict of interest shall be prohibited                except with the prior written consent of the Audit Committee of the                Company's Board of Directors.  Any such conflicts of interest or                potential conflicts of interest shall be resolved in an ethical manner                with due consideration being given to the legitimate interests of                the                Company. |
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| 3. | Each                director, officer and employee shall perform his or her responsibilities                and duties in such a manner as to ensure that periodic reports required                to                be filed with the Securities and Exchange  Commission and other                public communications made by the Company, including press releases                and                spoken statements, contain information that is full, fair, accurate,                timely and understandable. |
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| 4. | Each                director, officer and employee shall comply with the laws of all                U.S. and                non-U.S. governmental entities applicable to the Company, and the                rules                and regulations of agencies having   jurisdiction over the                Company, including, but not limited to, the laws pertaining to insider                trading of Company securities. |
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| 5. | Each                director, officer and employee shall act in good faith, responsibly,                with                due care and diligence, without misrepresenting or omitting material                facts                or allowing his or her independent judgment to be                compromised. |
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| 6. | Each                director, officer and employee shall respect the confidentiality                of                information acquired in the course of the performance of his or her                responsibilities, except when authorized by persons with appropriate                authority or legally obligated to disclose such information. No director,                officer or employee shall use confidential information acquired in                the                course of the performance of his or her responsibilities for improper                personal advantage.  The prohibitions of this paragraph are                intended to be in addition to, and not in limitation of, any other                obligations of confidentiality a director, officer or employee owes                to the                Company. |
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| 7. | Each                director, officer and employee shall proactively attempt to promote                ethical behavior among his or her subordinates and                peers. |
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| 8. | Each                director, officer and employee shall use Company assets and resources                employed by or entrusted to him or her in a responsible manner for                legitimate business purposes and not for improper personal                advantage. |
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| 9. | No                director, officer or employee shall exploit corporate opportunities                or                compete with the Company. |
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