Oarc Inc.

“Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management, a member of the board of directors, and the chief financial officer. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review (with modifications where necessary), the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

“Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Oarc currently has no employees as all operational assignments are performed by independent contractors. However, if and when employees are hired, the organization will appoint a committee of the board of directors to review the compensation of all high-level personnel annually in accordance with irs rules and regulations. Efforts will be made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort will be made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.”

“As noted previously, there are currently no employees of oarc, inc.”

“All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available at the organization's office in redwood city, california (for a physical inspection).”