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   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;3. RECENT ACCOUNTING PRONOUNCEMENTS&lt;/b&gt;
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Effective during the quarter ended March&amp;#160;31, 2010, the Financial Accounting Standards Board
   (the &amp;#8220;FASB&amp;#8221;) issued Accounting Standards Update (&amp;#8220;ASU&amp;#8221;) 2010-09, &amp;#8220;Subsequent Events&amp;#8221; (&amp;#8220;ASU
   2010-09&amp;#8221;), amending Accounting Standards Codification (&amp;#8220;ASC&amp;#8221;) 855, &amp;#8220;Subsequent Events,&amp;#8221; to state
   that an entity that is a SEC filer is required to evaluate subsequent events through the date that
   the financial statements are issued, but is not required to disclose the date. The amendment was
   effective commencing with the quarter ended March&amp;#160;31, 2010. The adoption of ASU 2010-09 did not
   have a significant impact on our financial statements.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;During the quarter ended March&amp;#160;31, 2010 we adopted ASU 2010-06, &amp;#8220;Fair Value Measurements and
   Disclosures&amp;#8221; (&amp;#8220;ASU 2010-06&amp;#8221;), which updated ASC 820, &amp;#8220;Fair Value Measurements and Disclosures.&amp;#8221; ASU
   2010-06 requires disclosure as to the amounts and purpose of significant asset transfers between
   Level 1 and 2 fair value measurements. ASU 2010-06 also requires separate disclosure of Level 3
   fair value measurement activity as it relates to purchases, sales, issuances and settlements. The
   disclosure requirements related to Level 1 and 2 fair value measurements were effective commencing
   with the quarter ended March&amp;#160;31, 2010. The disclosure requirements related to the Level 3 fair
   value measurements are effective commencing with the quarter ending March&amp;#160;31, 2011. The adoption of
   ASU 2010-06 did not have a material impact on our financial statements.
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      <ElementDefenition>Represents disclosure of any changes in an accounting principle, including a change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. Also disclose any change in the method of applying an accounting principle, or any change in an accounting principle required by a new pronouncement in the unusual instance that a new pronouncement does not include specific transition provisions.</ElementDefenition>
      <ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher AICPA
 -Name Accounting Principles Board Opinion (APB)
 -Number 28
 -Paragraph 23, 24

Reference 3: http://www.xbrl.org/2003/role/presentationRef
 -Publisher SEC
 -Name Regulation S-X (SX)
 -Number 210
 -Section 01
 -Paragraph b
 -Subparagraph 6
 -Article 10

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