We will have a Compensation Committee comprised of a minimum of three Independent Directors to establish compensation policies and programs for our Directors and Executive Officers. At present, our Compensation Committee serves only to determine awards under our 2007 equity incentive plan. However, at a later date, the Compensation Committee may exercise all powers of our Board of Directors in connection with establishing and implementing compensation matters. Stock-based compensation plans will be administered by the Board of Directors if the Members of the Compensation Committee do not qualify as “non-employee directors” within the meaning of the Securities Exchange Act of 1934. The Compensation Committee shall initially consist of Glenn Patterson (Chairman), Patrick Meyer, and Stuart McManus.

Click here to view the Compensation Committee Charter.