Award Timing Disclosure

Policies and Practices Related to the Grant of Certain Equity Awards

In response to Item 402(x)(1) of Regulation

S-K,

the Company has no specific policy or practice on the timing of awards of such options in relation to the disclosure of material nonpublic information by the Company. The compensation committee does not take material nonpublic information into account when determining the timing and terms of equity awards, and the Company has not timed the disclosure of material nonpublic information for the purpose of affecting the value of such awards.

NUMBER OF
SECURITIES
UNDERLYING
THE AWARD

EXERCISE PRICE
OF THE AWARD
($/Sh)

GRANT DATE
FAIR VALUE
OF THE
AWARD

PERCENTAGE CHANGE IN THE CLOSING
MARKET PRICE OF THE SECURITIES
UNDERLYING THE AWARD BETWEEN THE
TRADING DAY ENDING IMMEDIATELY PRIOR TO
THE DISCLOSURE OF MATERIAL NONPUBLIC
INFORMATION AND THE TRADING DAY
BEGINNING IMMEDIATELY FOLLOWING THE
DISCLOSURE OF MATERIAL NONPUBLIC
INFORMATION