The Round Hill Club Incorporated

“The round hill club, incorporated (the "club") was formed as a membership organization.”

“Any stockholder attending the annual meeting of stockholders may nominate another stockholder to serve as a member of the board of directors, the stockholders, or their proxies, then vote on the nominations.”

“Major capital assessments must be approved by a majority of the stockholders.”

“No committee has authority to act on behalf of the governing body.”

“The general manager and controller review the form 990 prior to filing.”

“The club regularly and consistently monitors and enforces compliance with the conflict of interest policy by requesting that directors and key employees review the policy on an annual basis and disclose any possible conflicts.”

“The performance of the general manager ("gm") was determined through a well-defined and rigorous internal process that started with mutually-agree (written) performance objectives at the beginning of the year, followed by regular performance discussions with the president over the course of the year, followed by written self-evaluation by the gm toward year end, followed by a written performance evaluation of the gm conducted by two members of the board of directors. Compensation was determined by the executive committee of the board (comprising the four officers) based upon a combination of the aforementioned performance evaluation process and a review of comparable market data for similar positions, as provided by our accounting firm condon o'meara mcginty & donnelly llp, at least biannually, but always as requested. The process for determining compensation for all key employees utilized independent consultant sibbald associates, comparability data provided by condon o'meara mcginty & donnelly llp and the club managers association of america, in addition to established internal process for reviewing performance, as described generally in the schedule o disclosure for part vi, section b. - question 15a.”

“The club does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Deferred comp. -91,944. Gain on stock transactions 97,000. Post retirement benefit adjustment -10,260.”