ETHICAL BUSINESS CONDUCT

The Company maintains a Board-approved Code of Business Conduct and Ethics for Directors and Officers (“Code of Conduct”) for which no waivers have currently been sought or granted. The Code of Conduct addresses conflicts of interest, confidentiality, protection and proper use of corporate assets, fair dealing, and compliance with laws, rules and regulations, and it encourages reporting of any illegal or unethical business practices. The Code of Conduct is signed by each director, officer and employee of the Company.  In circumstances in which the Board must consider transactions and agreements in respect of which a director or executive officer has a material interest, the nature of such interest is declared, and the affected individual does not participate in the vote on the matter. See Code of Business Conduct and Ethics for further details.