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    <td style="width: 5%">&nbsp;</td>
    <td style="width: 5%; layout-grid-mode: line">(h)</td>
    <td style="width: 90%; layout-grid-mode: line; text-decoration: underline">Recent Accounting Standards Affecting the Company</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="layout-grid-mode: line; font-style: italic">&nbsp;</td>
    <td style="layout-grid-mode: line; font-style: italic">Fair Value Measurements</td></tr>
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    <td>&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td>
    <td style="layout-grid-mode: line; text-align: justify">In May 2011, the FASB issued FASB Accounting Standards Update No. 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS. The amendments in this ASU generally represent clarifications of Topic 820, but also include some instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This ASU results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and IFRS. The amendments in this ASU are to be applied prospectively and are effective during interim and annual periods beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company’s operating results, financial position or cash flows.</td></tr>
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    <td>&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="layout-grid-mode: line; font-style: italic">&nbsp;</td>
    <td style="layout-grid-mode: line; font-style: italic">Comprehensive Income</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td style="layout-grid-mode: line">&nbsp;</td>
    <td style="layout-grid-mode: line; text-align: justify">In June 2011, the FASB issued FASB Accounting Standards Update (“ASU”) 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. Under the amendments to Topic 220, Comprehensive Income, in this ASU, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. The amendments in this ASU do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The amendments in this ASU should be applied retrospectively and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company’s operating results, financial position or cash flows.</td></tr>
</tbody></table>
<table>
<tbody><tr>
<td> </td>
<td>(h)</td>
<td>Recent Accounting Standards Affecting the Company</td></tr>
<tr>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td> </td>
<td> </td>
<td>Fair Value Measurements</td></tr>
<tr>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td> </td>
<td> </td>
<td>In May 2011, the FASB issued FASB Accounting Standards Update No. 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS. The amendments in this ASU generally represent clarifications of Topic 820, but also include some instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This ASU results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and IFRS. The amendments in this ASU are to be applied prospectively and are effective during interim and annual periods beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company’s operating results, financial position or cash flows.</td></tr>
<tr>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td> </td>
<td> </td>
<td>Comprehensive Income</td></tr>
<tr>
<td> </td>
<td> </td>
<td> </td></tr>
<tr>
<td> </td>
<td> </td>
<td>In June 2011, the FASB issued FASB Accounting Standards Update (“ASU”) 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. Under the amendments to Topic 220, Comprehensive Income, in this ASU, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. The amendments in this ASU do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The amendments in this ASU should be applied retrospectively and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company’s operating results, financial position or cash flows.</td></tr>
</tbody></table>