<table><tbody><tr style="vertical-align: top; text-align: justify">
<td style="width: 7%; text-align: right">(r)</td><td style="width: 7%"></td><td style="text-align: justify; width: 80%"><u>Recent Accounting Standards Affecting the Company</u></td>
    <td style="width: 6%">&nbsp;</td>
</tr>     <tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify"><i>Revenue Arrangements with Multiple
Deliverables</i></td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">In October 2009, the FASB
issued authoritative guidance that amends existing guidance for identifying separate deliverables in a revenue-generating transaction
where multiple deliverables exist, and provides guidance for allocating and recognizing revenue based on those separate deliverables.
The guidance is expected to result in more multiple-deliverable arrangements being separable than under current guidance. This
guidance was effective for the Company beginning on April 1, 2011 and was required to be applied prospectively to new or significantly
modified revenue arrangements. The adoption of this guidance did not have a material impact on the Company’s financial statements.</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify"><i>Intangibles – Goodwill
and Other</i></td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">In December 2010, the FASB
amended the existing guidance to modify Step 1 of the goodwill impairment test for a reporting unit with a zero or negative carrying
amount. Upon adoption of the amendment, an entity with a reporting unit that has a carrying amount that is zero or negative is
required to assess whether it is more likely than not that the reporting unit’s goodwill is impaired. If the entity determines
that it is more likely than not that the goodwill of the reporting unit is impaired, the entity should perform Step 2 of the goodwill
impairment test for the reporting unit. Any resulting goodwill impairment should be recorded as a cumulative-effect adjustment
to beginning retained earnings in the period of adoption. Any goodwill impairments occurring after the initial adoption of the
amendment should be included in earnings. This guidance was effective for the Company beginning April 1, 2011. The adoption of
this guidance did not have a material impact on the Company’s financial statements.</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify"><i>Fair Value Measurements</i>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">In January 2010, the FASB
issued guidance which requires, in both interim and annual financial statements, for assets and liabilities that are measured at
fair value on a recurring basis disclosures regarding the valuation techniques and inputs used to develop those measurements. It
also requires separate disclosures of significant amounts transferred in and out of Level 1 and Level 2 fair value measurements
and a description of the reasons for the transfers. This guidance was effective for the Company beginning on April 1, 2011 and
was required to be applied prospectively to new or significantly modified revenue arrangements. The adoption of this guidance did
not have a material impact on the Company’s financial statements.</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td>
    <td>&nbsp;</td></tr>
</tbody></table>
<table><tbody><tr>
<td>(r)</td><td></td><td><u>Recent Accounting Standards Affecting the Company</u></td>
<td> </td>
</tr> <tr>
<td> </td><td> </td><td> </td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td><i>Revenue Arrangements with Multiple
Deliverables</i></td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td> </td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td>In October 2009, the FASB
issued authoritative guidance that amends existing guidance for identifying separate deliverables in a revenue-generating transaction
where multiple deliverables exist, and provides guidance for allocating and recognizing revenue based on those separate deliverables.
The guidance is expected to result in more multiple-deliverable arrangements being separable than under current guidance. This
guidance was effective for the Company beginning on April 1, 2011 and was required to be applied prospectively to new or significantly
modified revenue arrangements. The adoption of this guidance did not have a material impact on the Company’s financial statements.</td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td> </td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td><i>Intangibles – Goodwill
and Other</i></td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td> </td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td>In December 2010, the FASB
amended the existing guidance to modify Step 1 of the goodwill impairment test for a reporting unit with a zero or negative carrying
amount. Upon adoption of the amendment, an entity with a reporting unit that has a carrying amount that is zero or negative is
required to assess whether it is more likely than not that the reporting unit’s goodwill is impaired. If the entity determines
that it is more likely than not that the goodwill of the reporting unit is impaired, the entity should perform Step 2 of the goodwill
impairment test for the reporting unit. Any resulting goodwill impairment should be recorded as a cumulative-effect adjustment
to beginning retained earnings in the period of adoption. Any goodwill impairments occurring after the initial adoption of the
amendment should be included in earnings. This guidance was effective for the Company beginning April 1, 2011. The adoption of
this guidance did not have a material impact on the Company’s financial statements.</td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td> </td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td><i>Fair Value Measurements</i> </td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td> </td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td>In January 2010, the FASB
issued guidance which requires, in both interim and annual financial statements, for assets and liabilities that are measured at
fair value on a recurring basis disclosures regarding the valuation techniques and inputs used to develop those measurements. It
also requires separate disclosures of significant amounts transferred in and out of Level 1 and Level 2 fair value measurements
and a description of the reasons for the transfers. This guidance was effective for the Company beginning on April 1, 2011 and
was required to be applied prospectively to new or significantly modified revenue arrangements. The adoption of this guidance did
not have a material impact on the Company’s financial statements.</td>
<td> </td></tr>
<tr>
<td> </td><td> </td><td> </td>
<td> </td></tr>
</tbody></table>