| · | Appoint,      compensate, and oversee the work of the public accounting firm employed by      the organization to conduct the annual audit. This firm will report      directly to the Audit Committee. |
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| · | Resolve      any disagreements between management and the auditor regarding financial      reporting. |
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| · | Pre-approve      all auditing and permitted non-audit services performed by the company’s      external audit firm. |
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| · | Retain      independent counsel, accountants, or others to advise the committee or      assist in the conduct of aninvestigation. |
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| · | Seek      any information it requires from employees--all of whom are directed to      cooperate with the committee's requests--or external    parties. |
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| · | Meet      with company officers, external auditors, or outside counsel, as      necessary. |
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| · | Obtain      updates, review audit reports, and hold discussions with the audit      committees for any subsidiaries in order to fulfill its oversight      responsibility for monitoring the internal control environment and      compliance with laws and regulations at the subsidiary    level. |
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| · | The      Audit Committee may delegate to one or more designated members of the      committee the authority to preapprove all auditing and permitted non-audit      services, providing that such decisions are presented to the full      committee at its next scheduledmeeting. |
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| · | Review      significant accounting and reporting issues and understand their impact on      the financial statements. These issuesinclude: |
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| Ø   | Complex      or unusual transactions and highly judgmental  areas |
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| Ø   | Major      issues regarding accounting principles and financial statement      presentations, including any significant changes in the company’s      selection or application of accounting  principles. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | The      effect of regulatory and accounting initiatives, as well as off-balance      sheet structures, on the financial statements of the    company |
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| · | Review      analyses prepared by management and/or the external auditor 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. |
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| · | Review      with management and the external auditors the results of the audit,      including any difficulties encountered, and matters required to be      discussed by SAS No. 61. This review will include any restrictions on the      scope of the external auditor’s activities or on access to requested      information, and any significant disagreements with      management. |
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| · | Review      the interim financial statements with management and the external      auditors prior to the filing of the Company's Quarterly Report on Form      10-Q. The committee shall discuss the results of the quarterly review and      any other matters required to be communicated to the committee by the      external auditors under generally accepted auditing standards. The      chairman of the Audit Committee may represent the entire committee for the      purposes of this review. |
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| · | Review      with management and the external auditors the financial statements to be      included in the Company's Annual Report on Form 10-K (or the annual report      to shareholders if distributed prior to the filing of Form 10-K, and the      company’s disclosures under “Management’s Discussion and Analysis of      Financial Condition and Results of Operations.”), including the auditors'      judgment about the quality, not just acceptability, of accounting      principles, the reasonableness of significant judgments, and the clarity      of the disclosures in the financialstatements. |
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| · | Review      disclosures made by CEO and CFO during the Forms 10-K and 10-Q      certification process about significant deficiencies in the design or      operation of internal controls or any fraud that involves management or      other employees who have a significant role in the company’s internal      controls. |
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| · | Review      and approve earnings and other related press releases in advance      (particularly use of “pro forma,” or “adjusted” non-GAAP, information), as      well as financial information and earnings guidance provided to analysts      and rating agencies. This review may be general (i.e., the types of      information to be disclosed and the type of presentations to be      made). |
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| · | The      committee shall review with legal counsel any regulatory matters that may      have a material impact on the financial  statements. |
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| · | The      Audit Committee shall review and assess the company’s business and      financial risk management process, including the adequacy of the overall      control environment and controls in selected areas representing      significant risk. |
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| · | The      Audit Committee shall review and assess the company’s system of internal      controls for detecting accounting and financial reporting errors, fraud      and defalcations, legal violation, and non-compliance with the corporate      code of conduct. The committee shall review the related findings and      recommendations of the external and internal auditors, together with      management’s responses. |
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| · | The      Audit Committee shall review management’s status on their assessment of      internal control, including any significant deficiencies and material      weakness in internal controls identified and status of remediation      efforts. |
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| · | The      Audit Committee will obtain updates and periodically meet with any      subsidiary audit committees in order to monitor the internal control      environment at the subsidiarylevel. |
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| · | Review      with management and the outsourced internal audit firm the policy, plans,      activities, budget, staffing, and organizational structure of the internal      audit function, and any changes required in the scope of their internal      audits. |
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| · | Review      with management and the outsourced internal audit firm significant      findings on internal audits during the year and management’s responses      thereto. |
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| · | Ensure      there are no unjustified restrictions or limitations, and review and      concur in the appointment, replacement, or dismissal of the outsourced      internal audit firm. |
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| · | Review      the effectiveness of the internal audit function, including compliance      with The Institute of Internal Auditors' Standards for the      Professional Practice of Internal  Auditing. |
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| · | On      a regular basis, meet separately with the outsourced internal audit firm      to discuss any matters that the committee or internal audit believes      should be discussed privately. |
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| · | The      Audit Committee shall have a clear understanding with management and the      external auditors that the external auditors are ultimately accountable to      the board and the Audit Committee, as representatives of the Company's      shareholders. The Audit Committee shall discuss with the auditors their      independence from management and the Company and the matters included in      the written disclosures required by the Independence Standards Board.      Annually, the committee shall review and recommend to the board the      selection of the Company's externalauditors. |
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| · | All      auditing services (which may entail providing comfort letters in      connection with securities underwritings or statutory audits required for      purposes of State law) and non-audit services, other than non-audit      services of the Company deemed “de minimus” under law, which are provided      to the Company by the Company’s auditors, shall be preapproved by the      Audit Committee. The Audit Committee may delegate to one or more      designated members of the Audit Committee the authority to grant      preapprovals required by this Charter. The decisions of any member to whom      authority is delegated to preapprove an activity shall be presented to the      full Audit Committee at its scheduled meetings. If the Audit Committee      approves an audit service within the scope of the engagement of the      auditor, such audit service shall be deemed to have been preapproved for      purposes of this Charter. |
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| · | Review      the external auditors' proposed audit scope (as defined on the engagement      letter) and coordination with internalaudit. |
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| · | Review      all material written communications between the external auditors and      management, such as any management letter or schedule of unadjusted      differences. |
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| · | Review      the performance of the external auditors, and exercise final approval on      the appointment or discharge of the auditors. In performing this review,      the committee will: |
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| Ø   | At      least annually, obtain and review a report by the external auditor      describing: the firm’s internal quality-control procedures; any material      issues raised by the most recent internal quality-control or Public      Company Accounting Oversight Board review of the firm, or by any inquiry      or investigation by governmental or professional authorities, within the      preceding five years, respecting one or more external audits carried out      by the firm, and any steps taken to deal with any such issues; and (to      assess the auditor’s independence) all relationships between the external      auditor and the company. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | Take      into account the opinions of management and internal  audit. |
|--------------------|------------------------------------------------------------------------|

| Ø   | Review      and evaluate the lead partner of the external  auditor. |
|--------------------|---------------------------------------------------------------------|

| Ø   | Present      its conclusions with respect to the external auditor to the      Board. |
|--------------------|--------------------------------------------------------------------------------------|

| · | Ensure      that any hiring of employees or former employees of the external auditors      complies with the independence rules of the Securities and Exchange      Commission. |
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| · | On      a regular basis, meet separately with the external auditors to discuss any      matters that the committee or auditors believe should be discussed      privately. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Ascertain      that the lead (or concurring) audit partner from any public accounting      firms performing audit services, serves in that capacity for no more than      five fiscal years of the company. In addition, ascertain that any partner      other than the lead or concurring partner serves no more than seven years      at the partner level on the company’saudit. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Consider,      with management, the rationale for employing audit firms other than the      principal auditors. |
|--------|-----------------------------------------------------------------------------------------------------------------|

| · | Review      the effectiveness of the system for monitoring compliance with laws and      regulations and the results of management's investigation and follow-up      (including disciplinary action) of any instances of      noncompliance. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Review      with the general counsel legal and regulatory matters that, in the opinion      of management, may have a material impact on the financial statements,      related company compliance policies, and programs and reports received      from regulators. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| · | Establish      procedures for: (i) The receipt, retention, and treatment of complaints      received by the listed issuer regarding accounting, internal accounting      controls, or auditing matters; and (ii) The confidential, anonymous      submission by employees of the listed issuer of concerns regarding      questionable accounting or auditingmatters. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Review      the findings of any examinations by regulatory agencies, and any auditor      observations. |
|--------|---------------------------------------------------------------------------------------------------------|

| · | Review      the process for communicating the code of conduct to company personnel,      and for monitoring compliancetherewith. |
|--------|----------------------------------------------------------------------------------------------------------------------------------|

| · | Obtain      regular updates from management and company legal counsel regarding      compliance matters. |
|--------|----------------------------------------------------------------------------------------------------------|

| · | Review      significant potential conflicts of interest and approve related party      transactions in accordance with the Company’s statement of policy with      respect to related partytransactions. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Regularly      report to the board of directors about committee activities and issues      that arise with respect to the quality or integrity of the company’s      financial statements (including, but not limited to, any ethics hotline      reports), the company’s compliance with legal or regulatory requirements,      the performance and independence of the company’s external auditors, and      the performance of the internal auditfunction. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Provide      an open avenue of communication between internal audit, the external      auditors, and the board ofdirectors. |
|--------|-----------------------------------------------------------------------------------------------------------------------------|

| · | Prepare      an annual Audit Committee Report for inclusion in the Company’s Annual      Report on Form 10-K that describes the committee’s composition,      responsibilities and how they were discharged, and states that a formal      audit charter has been approved. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Maintain      minutes of meetings and periodically report to the Board of Directors on      significant results of the foregoingactivities. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------|

| · | Review      any other reports the company issues that relate to committee      responsibilities. |
|--------|--------------------------------------------------------------------------------------------------|

| · | Discuss      with management the company’s major policies with respect to risk      assessment and risk management. |
|--------|---------------------------------------------------------------------------------------------------------------------------|

| · | Perform      other activities related to this charter as requested by the board of      directors, by law, or the company’s charter or  bylaws. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Institute      and oversee special investigations asneeded. |
|--------|-------------------------------------------------------------|

| · | Review      with management the policies and procedures with respect to officers’      expense accounts and perquisites, including their use of corporate assets,      and consider the results of any review of these areas by the internal      audit outsourced function or the external  auditors. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Review      and assess the adequacy of the committee charter annually, requesting      board approval for proposed changes, and ensure appropriate disclosure as      may be required by law orregulation. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Confirm      annually that all responsibilities outlined in this charter have been      carried out. |
|--------|------------------------------------------------------------------------------------------------------|

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| · | Conduct      an annual self-assessment to review the effectiveness of the committee and      individual members, and discuss recommendations for improvement with the      board of directors. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Create      an agenda for the ensuing year. |
|--------|---------------------------------------------|

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