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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;b&gt;2.&lt;/b&gt;&amp;#160;&lt;/font&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;b&gt;RECENT

      ACCOUNTING PRONOUNCEMENTS&lt;/b&gt;&amp;#160;&lt;/font&gt;

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;From

      time to time, new accounting pronouncements are issued by the

      Financial Accounting Standards Board (the FASB), which are

      adopted by the Company as of the specified effective date.

      Unless otherwise discussed, management believes that the

      impact of recently issued standards, which are not yet

      effective, will not have a material impact on the

      Company&amp;#8217;s consolidated financial statements upon

      adoption.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 18pt; MARGIN: 0pt" id="PARA5838"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;In

      February 2013, the FASB issued a new accounting standard

      related to the reporting of amounts reclassified out of

      accumulated other comprehensive income (OCI). Under this

      standard, an entity is required to provide information about

      the amounts reclassified out of accumulated OCI by component.

      In addition, an entity is required to present, either on the

      face of the financial statements or in the notes, significant

      amounts reclassified out of accumulated OCI by the respective

      line items of net income, but only if the amount reclassified

      is required to be reclassified in its entirety in the same

      reporting period. For amounts that are not required to be

      reclassified in their entirety to net income, an entity is

      required to cross-reference to other disclosures that provide

      additional details about those amounts. This standard does

      not change the current requirements for reporting net income

      or other comprehensive income in the financial statements and

      was effective for interim and annual periods beginning on or

      after December&amp;#160;15, 2012. We adopted this standard in the

      Quarterly Report on Form 10-Q for the three month period

      ended March 31, 2013, and the adoption of this standard did

      not have a material effect on our consolidated financial

      statements.&lt;/font&gt;

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Glossary Direct Effects of a Change in Accounting Principle

 -URI http://asc.fasb.org/extlink&amp;oid=6510796



Reference 7: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

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 -URI http://asc.fasb.org/extlink&amp;oid=6507316



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 -Name Accounting Standards Codification

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 -URI http://asc.fasb.org/extlink&amp;oid=27015980&amp;loc=d3e46468-122699



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 -Glossary Retrospective Application

 -URI http://asc.fasb.org/extlink&amp;oid=6523989



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