Charter for the Audit Committee of the Board of Directors

The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, reviewing the systems of internal controls which management and the Board have established, appointing, retaining and overseeing the performance of independent accountants, overseeing the Company’s accounting and financial reporting processes and the audits of the Company’s financial statements and monitoring compliance with laws and regulations and the Company’s Code of Business Conduct. However, the Committee’s function is one of oversight only and shall not relieve the Company’s management of its responsibilities for preparing financial statements which accurately and fairly present the Company’s financial results and condition, or the responsibilities of the independent accountants relating to the audit or review of financial statements.

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