Concepts for Adaptive Learning Inc.

“Committee meetings are not currently recorded in writing. Each respective chair takes notes and reports back to the governing body at board meetings, at which point, notes and actions are recorded.”

“The organization provides a copy of the form 990 to all members of its governing body in a timely manner”

“The purpose of the conflicts of interest policy is to ensure that the deliberations and decisions of the organization are made in the interests of the education community as a whole, and to protect the interests of the organization when it is contemplating entering into a transaction, contract, or arrangement that might benefit the private interest of an interested director, officer or person. An interested director, officer or person may not use his or her position with respect to the organization, or confidential organization information obtained by him or her relating to the organization, in order to achieve a financial benefit for himself or herself or for a third person, including another nonprofit or charitable organization. This policy is intended to supplement but not replace any applicable laws governing conflicts of interest in nonprofit and charitable organizations. The board shall create a "conflicts committee", to consist of at least two directors elected by the board. No director shall serve on the committee while he is also serving as an officer. The committee shall administer and monitor compliance with this policy. The conflicts committee shall require a statement from each director and officer not less frequently than once a year setting forth all business and other affiliations, which relate in any way to the business and other activities of the organization. No director shall vote on any matter in which he or she has a direct financial interest that will be affected by the outcome of the vote. In the event of such an abstention, the abstaining director shall state the reason for the abstention, which shall be noted in the minutes of the board of directors.”

“The board may establish the amount of compensation provided to directors. The compensation may include payment of a fixed sum and reimbursement of expenses actually incurred in connection with their duties, including, without limitation, attendance at regular or special meetings of the board. Nothing herein contained shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefor.”

“Information is available upon request”