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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 ASC 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.
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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;During the quarter ended March&amp;#160;31, 2010, we adopted ASU 2010-06, &amp;#8220;Fair Value Measurements and
   Disclosures&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 Level 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)
 -Number 154
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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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