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Family Relationships
There are no family relationships among any directors, officers or persons among our directors of the
Company.
Individual Bankruptcies
No director or proposed director of the Company has, within the 10 years prior to the date of this Annual
Report, become bankrupt or made a proposal under any legislation relating to bankruptcy or insolvency, or been
subject to or instituted any proceedings, arrangement or compromise with creditors, or had a receiver, receiver
manager or trustee appointed to hold the assets of that individual.
Penalties or Sanctions
None of the directors has been subject to any penalties or sanctions imposed by a court relating to securities
legislation or by a securities regulatory authority, has entered into a settlement agreement with a securities
regulatory authority or has been subject to any other penalties or sanctions imposed by a court or regulatory body
that would likely be considered important to a reasonable security holder making a decision about whether to vote
for the proposed director or in making an investment decision.
ITEM
14: PRINCIPAL ACCOUNTING FEES AND SERVICES
Audit Committee Pre-Approval Policies and Procedures
The Audit Committee has not adopted any specific policies and procedures for the engagement of non-audit
services. Consistent with applicable laws, other than audit, review or attestation services, all other services provided
by the Company’s auditor are to be approved by one or more members of the Audit Committee pursuant to authority
delegated by the Audit Committee, provided that the Audit Committee is informed of each particular service. All of
the engagements and fees discussed below under the heading “Audit Fees” for the fiscal year ended December 31,
2015 and the fiscal year ended December 31, 2014 were pre-approved by the Audit Committee.
Since the commencement of the Company’s most recently completed financial year, the Audit Committee
has not made any recommendations to nominate or compensate an external auditor which were not adopted by the
Board of the Company.
Audit Fees
The following table sets forth the fees paid by the Company to EKS&H for services rendered in the fiscal
year ended December 31, 2015 and the fiscal year ended December 31, 2014:
2015
2014
Audit Fees
$88,215
$85,523
Audit-Related Fees
5,050
11,200
Tax Fees
N/A
N/A
All Other Fees
N/A
N/A
Total
$93,265
$96,723
“Audit Fees” represent fees for the audit of the Company’s annual financial statements and attestation
services that are provided in connection with statutory and regulatory filings or engagements.
“Audit-Related Fees” represent fees for professional services.
“Tax Fees” represent fees for professional services rendered for tax compliance, tax advice and tax
planning on actual or contemplated transactions.
“All Other Fees” consist of fees for products and services other than the services reported above.