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| 1. | The President, CEO and all senior      financial officers are responsible for full, fair, accurate, timely and      understandable disclosure in the periodic reports required to be filed by      the Company with the SEC.  Accordingly, it is the responsibility      of the President, CEO and each senior financial officer promptly to bring      to the attention of the Disclosure Committee (or in the event that the      Company has not established a Disclosure Committee, to the Board of      Directors) any material information of which he or she may become aware      that affects the disclosures made by the Company in its public filings or      otherwise assist the Disclosure Committee in fulfilling its      responsibilities. |
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| 2. | The President, CEO and each      senior financial officer shall promptly bring to the attention of the      Disclosure Committee and the Audit Committee (or in the event that the      Company has not established an audit committee, to the Board of Directors)      any information he or she may have concerning (a) significant deficiencies      in the design or operation of internal controls which could adversely      affect the company’s ability to record, process, summarize and report      financial data or (b) any fraud, whether or not material, that involves      management or other employees who have a significant role in the Company’s      financial reporting, disclosures or internal    controls. |
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| 3. | The President, CEO and each      senior financial officer shall promptly bring to the attention of the      General Counsel, President, or the CEO and to the Audit Committee any      information he or she may have concerning any actual or apparent conflicts      of interest between personal and professional relationships, involving any      management or other employees who have a significant role in the Company’s      financial reporting, disclosures or internal    controls. |
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| 4. | The President, CEO and each      senior financial officer shall promptly bring to the attention of the      General Counsel, President, or the CEO and to the Audit Committee any      information he or she may have concerning evidence of a material violation      of the securities or other laws, rules or regulations applicable to the      Company and the operation of its business by the Company or any agent      thereof, or of violation of these  procedures. |
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| 5. | The Board of Directors shall      determine, or designate appropriate persons to determine, appropriate      actions to be taken in the event of violations of these procedures by the      President, CEO and the Company’s senior financial      officers.  Such actions shall be reasonably designed to deter      wrongdoing and to promote accountability for adherence to these      procedures, and shall include written notices to the individual involved      that the Board has determined that there has been a violation, censure by      the Board, demotion or re-assignment of the individual involved,      suspension with or without pay or benefits (as determined by the Board)      and termination of the individual’s employment.  In determining      what action is appropriate in a particular case, the Board of Directors or      such designee shall take into account all relevant information, including      the nature and severity of the violation, whether the violation appears to      have been intentional or inadvertent, whether the individual in question      had been advised prior to the violation as to the proper course of action      and whether or not the individual in questions had committed other      violations in the past. |
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