Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations:

| | Results of operations | Pages 4-5, 18-39, 45-46 | | | Liquidity | Pages 4-5, 40-42, 45-46 | | | Capital resources | Pages 40-42 | | | Off balance sheet arrangements | (a) | | | Contractual obligations | Page 43 | | | Critical accounting estimates and policies | Pages 50, 74-79 | | Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | Pages 43-45 | | Item 8. | Financial Statements and Supplementary Data | Pages 65-111 |