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| I.   | Purpose |
|----------------|---------|

| a.   | Assist      the Board’s oversight of: |
|----------------|---------------------------------------------|

| i.   | The      integrity of the Corporation’s financial  statements; |
|----------------|----------------------------------------------------------------------|

| ii.   | The      Corporation's financial accounting and reporting, the system of internal      controls established by management, and the adequacy of internal and      independent auditing relative to these  activities; |
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| iii.   | The      Corporation’s compliance with legal and regulatory requirements;      and |
|------------------|------------------------------------------------------------------------------------------|

| iv.   | The      qualifications, independence and performance of the independent public      accounting firm auditing the Corporation’s financial      statements. |
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| b.   | Prepare      such reports as may be required from time to time by applicable securities      laws and by the rules and regulations of applicable regulatory authorities      (including any stock exchange on which the Corporation’s securities are      listed) (such laws, rules and regulations being hereinafter referred to,      collectively, as the “Rules andRegulations”). |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | Oversee      the work of the Corporation’s independent accounting firm, including the      resolution of disagreements between management and the independent public      accounting firm regarding financialreporting. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| II.   | Composition,      Appointment and Procedures. |
|-----------------|-----------------------------------------------|

| a.   | The      Audit Committee shall consist of at least three members of the Board, each      of whom shall be an “independent director” within the meaning of the Rules      and Regulations, and each of whom shall be financially literate, that is,      he or she has the ability to read and understand a set of financial      statements that present a breadth and level of complexity of accounting      issues that are generally comparable to the breadth and complexity of the      issues that can reasonably be expected to be raised by the issuer’s      financial statements. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| b.   | At      least one of the members of the Committee shall have past employment      experience in finance or accounting, requisite professional certification      in accounting, or any other comparable experience or background which      results in the individual’s financial sophistication, including being or      having been a chief executive officer, chief financial officer or other      senior officer with financial oversight responsibilities.  Any      member of the Audit Committee that satisfies paragraph IIc. below shall be      deemed to satisfy this requirement. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | To      the extent possible, the Committee shall have at least one member that      qualifies as an audit committee financial expert, as identified by the      Board.  For purposes hereof, an “audit committee financial      expert” means a person who has the following  attributes: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i)   | an      understanding of generally accepted accounting principles and financial      statements; |
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| (ii)   | the      ability to assess the general application of such principles in connection      with the accounting for estimates, accruals and  reserves; |
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| (iii)   | experience      preparing, auditing, analyzing or evaluating financial statements that      present a breadth and level of complexity of accounting issues that are      generally comparable to the breadth and complexity of issues that can      reasonably be expected to be raised by the registrant’s financial      statements, or experience actively supervising one or more persons engaged      in such activities; |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv)   | an      understanding of internal controls over financial reporting;      and |
|------------------|-------------------------------------------------------------------------------|

| (v)   | an      understanding of audit committeefunctions. |
|-----------------|----------------------------------------------------|

| (i)   | education      and experience as a principal financial officer, principal accounting      officer, controller, public accountant or auditor or experience in one or      more positions that involve the performance of similar      functions; |
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| (ii)   | experience      actively supervising a principal financial officer, principal accounting      officer, controller, public accountant, auditor or person performing      similar functions; |
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| (iii)   | experience      overseeing or assessing the performance of companies or public accountants      with respect to the preparation, auditing or evaluation of financial      statements; or |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv)   | other      relevant experience. |
|------------------|---------------------------------|

| d.   | No      member of the Audit Committee may concurrently serve on the audit      committee of more than two other public companies unless the Board      determines that such simultaneous service would not impair the ability of      such director to effectively serve on the Audit  Committee. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| e.   | The      members of the Audit Committee shall be appointed by the Board and shall      continue to act until their successors are appointed.  Members shall      be subject to removal at any time by theBoard. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f.   | The      Audit Committee shall meet at least four times each year.  At such      meetings, the Audit Committee shall discuss such audit matters as the      Audit Committee deems appropriate with the Corporation's CFO and      independent public accounting firm. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g.   | Periodically      (at its regularly scheduled meetings or any special meeting), the Audit      Committee shall meet separately with the independent public accounting      firm. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| III.   | Duties      and Responsibilities with Respect to Audit, Accounting and Financial      Disclosure. |
|------------------|---------------------------------------------------------------------------------------------------|

| a.   | Prior      to filing with the applicable regulatory authorities or otherwise publicly      disclosing the information, review and discuss with the Corporation's      management and independent public accounting  firm: |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | The      Corporation's annual audited financial statements, and quarterly financial      statements, including the Corporation's disclosures under “Management's      Discussion and Analysis” and, |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii.   | The      scope and results of the annual audit, or any interim      reporting. |
|-----------------|--------------------------------------------------------------------------------|

| b.   | Review      and discuss with the Corporation's management and independent public      accounting firm: |
|----------------|--------------------------------------------------------------------------------------------------------|

| i.   | major      issues regarding accounting principles and financial statement      presentations, including any significant changes in the Corporation's      selection or application of accounting principles, and major issues as to      the adequacy of the Corporation's internal controls and any special audit      steps adopted in light of material control  deficiencies; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii.   | analyses      prepared by management and/or the independent public accounting firm      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; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| iii.   | the      effect of regulatory and accounting initiatives, as well as      off-balance-sheet structures, on the Corporation's financial      statements; |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| iv.   | the      type and presentation of information to be included in earnings press      releases (paying particular attention to any use of “pro forma,” or      “adjusted” non-GAAP, information)and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| v.   | any      financial information and earnings guidance provided to analysts and      rating agencies. |
|----------------|-----------------------------------------------------------------------------------------------------|

| c.   | Review      with the Corporation's independent public accounting firm any audit      problems or difficulties and management's response,    including: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | any      restrictions on the scope of the activities of the independent public      accounting firm; |
|----------------|------------------------------------------------------------------------------------------------------|

| ii.   | any      restriction on the independent public accounting firm's access to      requested materials; |
|-----------------|------------------------------------------------------------------------------------------------------|

| iii.   | any      significant disagreements with management;and |
|------------------|--------------------------------------------------------|

| iv.   | any      material audit differences that the independent public accounting firm      noted or proposed but for which the Corporation's financial statements      were not adjusted; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | Resolve      any disagreements between the independent public accounting firm and      Corporation's management regarding financial  reporting; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| e.   | Discuss      with the Corporation's management, independent public accounting firm and      Chief Financial Officer the adequacy of the Corporation's internal      accounting, financial and operatingcontrols; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f.   | Review      all earnings press releases; |
|----------------|------------------------------------------|

| g.   | Be      satisfied that adequate procedures are in place for the review of the      Corporation’s public disclosure of financial information extracted or      derived from the Corporation’s financial statements, and periodically      assess the adequacy of such procedures;and |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h.   | Report      to the Board with respect to theforegoing. |
|----------------|--------------------------------------------------------|

| IV.   | Specific      Responsibilities With Respect to the Corporation’s Independent Public      Accounting Firm |
|-----------------|----------------------------------------------------------------------------------------------------------------|

| a.   | The      independent public accounting firm to be nominated for the purpose of      preparing or issuing an auditor's report or performing other audit, review      or attest services for the Corporation;and |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| b.   | The      compensation of the independent public accounting  firm. |
|----------------|-------------------------------------------------------------------|

| a.   | The      Audit Committee shall annually evaluate the independent public accounting      firm's qualifications, performance and  independence; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| b.   |  The      Audit Committee shall pre-approve all non-audit services to be provided to      the Corporation or its subsidiary entities by the Corporation’s      independent public accounting firm; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | The      Audit Committee shall review and approve the compensation and terms of      engagement of the Corporation's independent public accounting firm before      the firm provides any audit, audit-related, tax or permitted non-audit      services; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | At      least annually, the Audit Committee shall obtain and review a report by      the independent public accounting firm  describing: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | the      firm's internal quality controlprocedures, |
|----------------|-----------------------------------------------------|

| ii.   | any      material issues raised by the firm's most recent internal quality control      review or peer review; and |
|-----------------|--------------------------------------------------------------------------------------------------------------------|

| iii.   | all      relationships between the firm and the  Corporation. |
|------------------|---------------------------------------------------------------|

| e.   | At      least annually, the Audit Committee should review and evaluate the lead      partner of the independent public accounting firm and ensure the rotation      of partners in accordance with the Rules and  Regulations; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f.   | At      least every three years, the Audit Committee should consider the      advisability of rotating the independent public accounting firm in order      to maintain independence between the independent public accounting firm      and the Corporation; and |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g.   | The      Audit Committee shall report to the Board with respect to the      foregoing. |
|----------------|----------------------------------------------------------------------------------------|

| V.   | Additional      Powers, Duties and Authority. |
|----------------|-----------------------------------------------|

| a.   |  Monitor,      review, and, if necessary or advisable, revise and update the      Corporation's procedures for: |
|----------------|----------------------------------------------------------------------------------------------------------------------|

| i.   | the      receipt, retention and treatment of complaints received by the Corporation      regarding accounting, internal accounting controls and auditing matters;      and |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ii.   | the      confidential, anonymous submission by the Corporation's employees of      concerns regarding accounting or auditing  matters; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Obtain      from the independent public accounting firm assurance that they are not      aware of any illegal act that has or may have  occurred. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | Discuss      with the Corporation's management the Corporation's guidelines and      policies with respect to risk assessment and risk management, including      the Corporation's major financial risk exposures and the steps management      takes to monitor and control suchexposures; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | Prepare      such reports as are required by the Rules and  Regulations; |
|----------------|--------------------------------------------------------------------------|

| e.   | Review      with the Corporation's General Counsel legal matters that may have a      material impact on the financial statements, the Corporation's Code of      Business Conduct and Ethics and any material reports or inquiries received      from regulators or governmentalagencies; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f.   | As      the Audit Committee may deem appropriate, retain and terminate any legal,      accounting or other consultants, who shall report directly to the Audit      Committee, on such terms and conditions, including fees, as the Audit      Committee in its sole discretion shallapprove; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g.   | Request      that any of the Corporation's officers, employees, outside counsel or      independent public accounting firm attend any meeting of the Audit      Committee or meet with any of the Audit Committee's members or      consultants; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h.   | Annually      review the Audit Committee's Charter and performance, which shall include      evaluating each member's qualifications, attendance, understanding of the      Audit Committee's responsibilities and contribution to the functioning of      the Audit Committee, and recommend any proposed changes to the Board for      approval; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | Review      and approve the Corporation’s hiring policies regarding partners,      employees and former partners and employees of the Corporation’s present      and former independent public accounting firm;  and |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| j.   | Report      to the Board with respect to theforegoing. |
|----------------|--------------------------------------------------------|