The Company does not have a nomination committee but will consider setting upone at an appropriate time. Currently all new appointments and re-appointments to the Board are subject to the concurrence of all Board members whose deliberations are based on the following criteria:

• Integrity
• Independent mindedness
• Possess core competencies that meet the current needs of the Company and complement the skills and competencies of the existing Directors on the Board
• Able to commit time and effort to carry out duties and responsibilities effectively
• A good track record of experience at a senior level in corporations/ organizations
• Financially literate