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   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt"&gt;&lt;b&gt;New Accounting Pronouncements: &lt;/b&gt;In October&amp;#160;2009, the Financial Accounting Standards Board, or FASB,
   issued Accounting Standard Update, or ASU, No.&amp;#160;2009-13, &amp;#8220;Multiple-Deliverable Revenue
   Arrangements,&amp;#8221; or ASU 2009-13, which amends existing revenue recognition accounting pronouncements
   that are currently within the scope of ASC 605. This guidance eliminates the requirement to
   establish the fair value of undelivered products and services and instead provides for separate
   revenue recognition based upon management&amp;#8217;s estimate of the selling price for an undelivered item
   when there is no other means to determine the fair value of that undelivered item. ASU 2009-13 is
   effective prospectively for revenue arrangements entered into or materially modified in fiscal
   years beginning on or after June&amp;#160;15, 2010. The Company is currently evaluating the impact, if any,
   that the adoption of this amendment will have on its consolidated financial statements.
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   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt"&gt;In January&amp;#160;2010, the FASB issued ASU No.&amp;#160;2010-06, &lt;i&gt;&amp;#8220;&lt;/i&gt;Improving Disclosures About Fair Value
   Measurements,&amp;#8221; or ASU 2010-06, which amends ASC 820 to add new requirements for disclosures about
   transfers into and out of Levels 1 and 2 and separate disclosures about purchases, sales,
   issuances, and settlements relating to Level 3 measurements. ASU 2010-06 also clarifies existing
   fair value disclosures about the level of disaggregation and about inputs and valuation techniques
   used to measure fair value. Further, ASU 2010-06 amends guidance on employers&amp;#8217; disclosures about
   postretirement benefit plan assets under ASC 715 to require that disclosures be provided by classes
   of assets instead of by major categories of assets. ASU 2010-06 was effective for the first
   reporting period (including interim periods) beginning after December&amp;#160;15, 2009, except for the
   requirement to provide the Level 3 activity of purchases, sales, issuances, and settlements on a
   gross basis, which will be effective for fiscal years beginning after December&amp;#160;15, 2010, and for
   interim periods within those fiscal years. Early adoption is permitted. The section of the
   amendment pertaining to transfers into and out of Levels 1 and 2 was effective for the Company
   beginning January&amp;#160;1, 2010. The adoption of this section of the amendment did not have any impact
   on the Company&amp;#8217;s consolidated financial statements. The section of the amendment pertaining to
   Level 3 measurements will be effective for the Company beginning January&amp;#160;1, 2011. The Company is
   currently evaluating the impact, if any, that the adoption of this amendment will have on its
   consolidated financial statements.
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   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt"&gt;In April&amp;#160;2010, the FASB issued ASU No.&amp;#160;2010-17, &amp;#8220;Milestone Method of Revenue Recognition,&amp;#8221; or ASU
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   that guidance in this ASU be met for an entity to apply the milestone method (record the milestone
   payment in its entirety in the period received). However, the FASB clarified that, even if the
   requirements in ASU 2010-17 are met, entities would not be precluded from making an accounting
   policy election to apply another appropriate accounting policy that results in the deferral of some
   portion of the arrangement consideration. The guidance in ASU 2010-17 will apply to milestones in
   both single-deliverable and multiple-deliverable arrangements involving research or development
   transactions. ASU 2010-17 will be effective for fiscal years (and interim periods within those
   fiscal years) beginning on or after June&amp;#160;15, 2010. Early application is permitted. Entities can
   apply this guidance prospectively to milestones achieved after adoption. However, retrospective
   application to all prior periods is also permitted. The Company is currently evaluating the
   impact, if any, that the adoption of ASU 2010-17 will have on its consolidated financial
   statements.
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      <ElementDefenition>Describes an entity's accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction should be disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.</ElementDefenition>
      <ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef
 -Publisher SEC
 -Name Staff Accounting Bulletin (SAB)
 -Number Topic 13
 -Section B
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher AICPA
 -Name Accounting Principles Board Opinion (APB)
 -Number 22
 -Paragraph 8, 12, 13

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