Related Party Transactions

Any Related Party Transaction shall be reported to the Audit Committee, which shall review the material facts of all Related Party Transactions and either approve, disapprove or ratify such transactions. The Audit Committee shall report all Related Party Transactions to the Board of Directors.

All Related Party Transactions shall be disclosed in the Company’s Financial Statements and Annual Report to Shareholders.

Details of the Company’s Related Party Transactions as of December 31, 2015