Common use of Corporate Governance Clause in Contracts

Corporate Governance. The Company has adopted organizational structures and policies sufficient to comply with the requirements of NASDAQ’s corporate governance standards in effect as of the date hereof (collectively, the “NASDAQ Corporate Governance Standards”). Without limiting the generality of the foregoing, the Company’s Board of Directors has validly appointed an Audit Committee, a Nominating and Governance Committee and a Compensation Committee (collectively, the “Committees”), whose composition satisfies the requirements of the NASDAQ Corporate Governance Standards. The Board of Directors and the Committees have each adopted a charter governing the respective activities of each such Committee that satisfies the requirements of the NASDAQ Corporate Governance Standards. The Committees have each acted in accordance with the provisions of their respective charters, as amended from time to time.

Corporate Governance. The Company has adopted organizational structures and policies sufficient to comply with the requirements of NASDAQ’s the American Stock Exchange corporate governance standards in effect as of the date hereof (collectively, the “NASDAQ Amex Corporate Governance Standards”). Without limiting the generality of the foregoing, the Company’s Board of Directors has validly appointed an Audit Committee, a Nominating and Governance Committee and a Compensation and Options Committee (collectively, the “Committees”), whose composition satisfies the requirements of the NASDAQ Amex Corporate Governance Standards. The Board of Directors and the Committees have each adopted a charter governing the respective activities of each such Committee that satisfies the requirements of the NASDAQ Amex Corporate Governance Standards. The Committees have each acted in accordance with the provisions of their respective charters, as amended from time to time.

Corporate Governance. The Company has adopted organizational structures and policies sufficient to comply with the requirements of NASDAQ’s the American Stock Exchange corporate governance standards in effect as of the date hereof (collectively, the “NASDAQ Amex Corporate Governance Standards”). Without limiting the generality of the foregoing, the Company’s Board of Directors has validly appointed an Audit Committee, a Nominating and Governance Committee and a Compensation and Options Committee (collectively, the “Committees”), ) whose composition satisfies the requirements of the NASDAQ Amex Corporate Governance Standards. The Board of Directors and the Committees have each adopted a charter governing the respective activities of each such Committee that satisfies the requirements of the NASDAQ Amex Corporate Governance Standards. The Committees have each acted in accordance with the provisions of their respective charters, as amended from time to time.