| I.  | General      Statement of Purpose |
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| ·            | assist      the Board of Directors (the “Board”) in its oversight of (1) the integrity      of the Company’s financial statements, (2) the Company’s compliance with      legal and regulatory requirements, and (3) the qualifications,      independence and performance of the Company’s independent auditors;      and |
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| ·            | prepare      the report required by the rules of the Securities and Exchange Commission      (the “SEC”) to be      included in the Company’s annual proxy  statement. |
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| II.  | Composition |
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| III.  | Compensation |
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| IV.  | Meetings |
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| V.  | Responsibilities      and Authority |
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| ·     | The      Audit Committee shall review and reassess the adequacy of this Charter      annually and recommend to the Board any amendments or modifications to the      Charter that the Audit Committee deems  appropriate. |
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| ·     | At      least annually, the Audit Committee shall evaluate its own performance and      report the results of such evaluation to the Nominating and Corporate      Governance Committee. |
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| ·          | The      Audit Committee shall be directly responsible for the appointment,      retention and termination of the Company’s independent auditor, and      determining compensation for the independent auditor, engaged for the      purpose of preparing or issuing an audit report or related work or      performing other audit, review or attest services for the Company. The      Audit Committee may consult with management in fulfilling these duties,      but may not delegate these responsibilities to  management. |
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| ·          | The      Audit Committee shall be directly responsible for oversight of the work of      the independent auditor (including resolution of disagreements between      management and the independent auditor regarding financial reporting)      engaged for the purpose of preparing or issuing an audit report or related      work or performing other audit, review or attest services for the      Company. |
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| ·          | The      Audit Committee shall instruct the independent auditor that the      independent auditor shall report directly to the Audit      Committee. |
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| ·          | The      Audit Committee shall pre-approve all auditing services and the terms      thereof (which may include providing comfort letters in connection with      securities underwritings) and nonaudit services (other than non-audit      services prohibited under Section 10A(g) of the Exchange Act or the      applicable rules of the SEC or the Public Company Accounting Oversight      Board) to be provided to the Company by the independent auditor; provided,      however, the pre-approval requirement is waived with respect to the      provision of non-audit services for the Company if the “de minimus”      provisions of Section 10A(i)(1)(B) of the Exchange Act are satisfied. This      authority to pre-approve non-audit services may be delegated to one or      more members of the Audit Committee, who shall present all decisions to      pre-approve an activity to the full Audit Committee at its first meeting      following such decision. |
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| ·          | The      Audit Committee may review and approve the scope and staffing of the      independent auditors’ annual auditplan(s). |
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| ·          | The      Audit Committee shall request that the independent auditor provide the      Audit Committee with the written disclosures and the letter required by      Independence Standards Board Standard No. 1, as modified or supplemented,      require that the independent auditor submit to the Audit Committee on a      periodic basis a formal written statement delineating all relationships      between the independent auditor and the Company, discuss with the      independent auditor any disclosed relationships or services that may      impact the objectivity and independence of the independent auditor, and      based on such disclosures, statement and discussion take or recommend that      the Board take appropriate action in response to the independent auditor’s      report to satisfy itself of the independent auditor’s      independence. |
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| ·          | The      Audit Committee shall evaluate the independent auditors’ qualifications,      performance and independence, and shall present its conclusions with      respect to the independent auditors to the full Board. As part of such      evaluation, at least annually, the Audit Committee  shall: |
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| o          | obtain      and review a report or reports from the independent auditor describing (1)      the auditor’s internal quality-control procedures, (2) any material issues      raised by the most recent internal quality-control review or peer review      of the auditors or by any inquiry or investigation by government or      professional authorities, within the preceding five years, regarding one      or more independent audits carried out by the auditors, and any steps      taken to address any such issues, and (3) to assess the auditor’s      independence, all relationships between the independent auditor and the      Company; |
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| o          | review      and evaluate the performance of the independent auditor and the lead      partner (and the Audit Committee may review and evaluate the performance      of other members of the independent auditor’s audit staff);      and |
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| o          | assure      the regular rotation of the audit partners (including, without limitation,      the lead and concurring partners) as required under the Exchange Act and      Regulation S-X. |
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| ·          | The      Audit Committee shall set clear policies with respect to the potential      hiring of current or former employees of the independent      auditor. |
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| ·          | The      Audit Committee shall review the overall audit plan with the independent      auditor and the members of management who are responsible for preparing      the Company’s financial statements, including the Company’s Chief      Financial Officer and/or principal accounting officer or principal      financial officer (the Chief Financial Officer and such other officer or      officers are referred to herein collectively as the “Senior Accounting      Executive”). |
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| ·          | The      Audit Committee shall review and discuss with management (including the      Company’s Senior Accounting Executive) and with the independent auditor      the Company’s annual audited financial statements, including (a) all      critical accounting policies and practices used or to be used by the      Company, (b) the Company’s disclosures under “Management’s Discussion and      Analysis of Financial Conditions and Results of Operations,” prior to the      filing of the Company’s Annual Report on Form 10-K, and (c) any      significant financial reporting issues that have arisen in connection with      the preparation of such audited financial  statements. |
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| ·          | The      Audit Committee must review: |
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|   | (i)    | any      analyses prepared by management and/or the independent auditors setting      forth significant financial reporting issues and judgments made in      connection with the preparation of the financial statements, including      analyses of the effects of alternative GAAP methods on the financial      statements. The Audit Committee may consider the ramifications of the use      of such alternative disclosures and treatments on the financial      statements, and the treatment preferred by the independent auditor. The      Audit Committee may also consider other material written communications      between the registered public accounting firm and management, such as any      management letter or schedule of unadjusted  differences; |
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|   | (ii)    | major      issues as to the adequacy of the Company’s internal controls and any      special audit steps adopted in light of material control      deficiencies; |
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| (iii)    | major      issues regarding accounting principles and procedures and financial      statement presentations, including any significant changes in the      Company’s selection or application of accounting principles;      and |
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| (iv)    | the      effect of regulatory and accounting initiatives, as well as off-balance      sheet transactions and structures, on the financial statements of the      Company. |
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| ·          | The      Audit Committee shall review and discuss with the independent auditor      (outside of the presence of management) how the independent auditor plans      to handle its responsibilities under the Private Securities Litigation      Reform Act of 1995, and request assurance from the auditor that Section      10A of the Private Securities Litigation Reform Act of 1995 has not been      implicated. |
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| ·          | The      Audit Committee shall review and discuss with the independent auditor any      audit problems or difficulties and management’s response thereto. This      review shall include (1) any difficulties encountered by the auditor in      the course of performing its audit work, including any restrictions on the      scope of its activities or its access to information, and (2) any      significant disagreements with management. This review may also      include: |
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|   | (i)    | any      accounting adjustments that were noted or proposed by the auditors but      were “passed” (as immaterial orotherwise); |
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|   | (ii)    | any      communications between the audit team and the audit firm’s national office      regarding auditing or accounting issues presented by the engagement;      and |
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|   | (iii)    | any      management or internal control letter issued, or proposed to be issued, by      the auditors. |
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| ·          | The      Audit Committee shall discuss with the independent auditors those matters      brought to the attention of the Audit Committee by the auditors pursuant      to Statement on Auditing Standards No. 61 (“SAS  61”). |
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| ·          | The      Audit Committee shall also review and discuss with the independent      auditors the report required to be delivered by such auditors pursuant to      Section 10A(k) of the Exchange Act. |
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| ·          | If      brought to the attention of the Audit Committee, the Audit Committee shall      discuss with the CEO and CFO of the Company (1) all significant      deficiencies and material weaknesses in the design or operation of      internal controls and procedures for financial reporting which could      adversely affect the Company’s ability to record, process, summarize and      report financial information required to be disclosed by the Company in      the reports that it files or submits under the Exchange Act, within the      time periods specified in the SEC’s rules and forms, and (2) any fraud      involving management or other employees who have a significant role in the      Company’s internal controls and procedures for financial      reporting. |
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| ·          | Based      on the Audit Committee’s review and discussions (1) with management of the      audited financial statements, (2) with the independent auditor of the      matters required to be discussed by SAS 61, and (3) with the independent      auditor concerning the independent auditor’s independence, the Audit      Committee shall make a recommendation to the Board as to whether the      Company’s audited financial statements should be included in the Company’s      Annual Report on Form 10-K for the last fiscal  year. |
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| ·          | The      Audit Committee shall prepare the Audit Committee report required by Item      306 of Regulation S-K of the Exchange Act (or any successor provision) to      be included in the Company’s annual proxy  statement. |
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| ·          | The      Audit Committee shall discuss with management and the independent auditor,      prior to the filing of the Company’s Quarterly Reports on Form      10-Q:  (1) the Company’s quarterly financial statements and the      Company’s related disclosures under “Management’s Discussion and Analysis      of Financial Condition and Results of Operations”; (2) such issues as may      be brought to the Audit Committee’s attention by the independent auditor      pursuant to Statement on Auditing Standards No. 71; and (3) any      significant financial reporting issues that have arisen in connection with      the preparation of such financialstatements. |
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| ·          | The      Audit Committee shall discuss the Company’s earnings press releases, as      well as financial information and earnings guidance provided to analysts      and rating agencies, including, in general, the types of information to be      disclosed and the types of presentation to be made (paying particular      attention to the use of “pro forma” or “adjusted” non-GAAP      information). |
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| ·          | The      Audit Committee shall review all related party transactions involving the      Company’s directors and officers and their immediate family      members. |
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| ·          | The      Audit Committee shall discuss the guidelines and policies that govern the      process by which the Company’s exposure to risk is assessed and managed by      management. |
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| ·          | In      connection with the Audit Committee’s discussion of the Company’s risk      assessment and management guidelines, the Audit Committee may discuss or      consider the Company’s major financial risk exposures and the steps that      the Company’s management has taken to monitor and control such      exposures. |
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| ·          | The      Audit Committee shall establish procedures for (1) the receipt, retention      and treatment of complaints received by the Company regarding accounting,      internal accounting controls, or auditing matters and (2) the      confidential, anonymous submission by employees of the Company of concerns      regarding questionable accounting or auditing  matters. |
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| ·          | The      Audit Committee may review and reassess the adequacy of these procedures      periodically and adopt any changes to such procedures that the Audit      Committee deems necessary orappropriate. |
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| ·          | The      Audit Committee shall regularly report to and review with the Board any      issues that arise with respect to the quality or integrity of the      Company’s financial statements, the Company’s compliance with legal or      regulatory requirements, the performance and independence of the      independent auditors and any other matters that the Audit Committee deems      appropriate or is requested to review for the benefit of the      Board. |
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| ·          | The      Audit Committee shall discuss with management and the independent auditor      and review with the Board1      the legal and regulatory requirements applicable to the Company and      its subsidiaries and the Company’s compliance with such requirements.      After these discussions, the Audit Committee may, if it determines it to      be appropriate, make recommendations to the Board with respect to the      Company’s policies and procedures regarding compliance with applicable      laws and regulations. |
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| ·          | The      Audit Committee shall discuss with management legal matters (including      pending or threatened litigation) that may have a material effect on the      Company’s financial statements or its compliance policies and      procedures. |
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| ·          | The      Audit Committee may engage independent counsel and such other advisors it      deems necessary to carry out its responsibilities and powers, and, if such      counsel or other advisors are engaged, shall determine the compensation or      fees payable to such counsel or otheradvisors. |
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| ·          | The      Audit Committee may form and delegate authority to subcommittees      consisting of one or more of its members as the Audit Committee deems      appropriate to carry out its responsibilities and exercise its      powers. |
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| ·          | The      Audit Committee may perform such other oversight functions outside of its      stated purpose as may be requested by the Board from time to      time. |
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| ·          | In      performing its oversight function, the Audit Committee shall be entitled      to rely upon advice and information that it receives in its discussions      and communications with management, the independent auditor and such      experts, advisors and professionals as may be consulted with by the Audit      Committee. |
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| ·          | The      Audit Committee is authorized to request that any officer or employee of      the Company, the Company’s outside legal counsel, the Company’s      independent auditor or any other professional retained by the Company to      render advice to the Company attend a meeting of the Audit Committee or      meet with any members of or advisors to the Audit    Committee. |
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