Purpose and Responsibilities

The Executive Committee is a standing committee of the Board of Directors charged with deciding matters on behalf of the Company on which action by the entire Board of Directors is either difficult due to circumstances, or unnecessary. The power of the Executive Committee to act on behalf of the entire Board of Directors shall extend to all matters not precluded by law, the Company’s Articles of Incorporation or its By-Laws.

Organization and Functions

As of June 25, 2003