<table><tbody><tr style="vertical-align: top; text-align: justify">
<td style="width: 7%; text-align: right">(k)</td><td style="width: 7%"></td><td style="text-align: justify; width: 86%"><u>Long-Lived Assets</u></td>
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<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
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<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">In accordance with FASB guidance,
Accounting for the Impairment or Disposal of Long-Lived Assets, long-lived assets, such as property and equipment and intangible
assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by a comparison
of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying
amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying
amount of the asset exceeds the fair value of the asset. Fair value is determined based on the estimated discounted future cash
flows expected to be generated by the asset. The Company did not identify any indication of impairment of its long-lived assets
as of March 31, 2012.</td></tr>
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<table><tbody><tr>
<td>(k)</td><td></td><td><u>Long-Lived Assets</u></td>
</tr> <tr>
<td> </td><td> </td><td> </td></tr>
<tr>
<td> </td><td> </td><td>In accordance with FASB guidance,
Accounting for the Impairment or Disposal of Long-Lived Assets, long-lived assets, such as property and equipment and intangible
assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by a comparison
of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying
amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying
amount of the asset exceeds the fair value of the asset. Fair value is determined based on the estimated discounted future cash
flows expected to be generated by the asset. The Company did not identify any indication of impairment of its long-lived assets
as of March 31, 2012.</td></tr>
</tbody></table>