Nymc LLC

“Member of the organization touro university ("the university") is the sole member of the filing entity.”

“The university is the sole member of the filing entity. As such, the university elects all members of the board.”

“Form 990 review the nymc llc form 990 and supporting schedules are prepared by an independent accounting firm. The audit committee of the board of trustees, the cfo and controller of touro university (the sole member of the filing organization) then review the form 990. A copy of the form 990 is then provided to the full board of trustees prior to filing with the internal revenue service.”

“Conflict of interest policy the annual board questionnaire, which requires disclosure of conflict interest and other details, is circulated to all of the board members and is reviewed by in-house counsel. Our policies require that trustees, officers, and key employees notify nymc llc any time conflicts of interest arise. In the event there is a conflict of interest, or an appearance of a conflict of interest, the individual must recuse themselves from any discussions or decisions concerning the conflict.”

“Compensation review the filing organization, nymc llc, does not compensate any of its managers or officers. Officers are compensated by touro university, a related tax exempt organization.”

“Availability of documentation the form 990 and related information are made available to the public, however, governing documents, conflict of interest policy and financial statements are not made public.”

“Joint ventures nymc llc does not have a written policy regarding joint ventures; however, before entering into any joint venture agreements they consult with legal and tax counsel to make sure the exempt status of the organization is protected.”

“Officer compensation the filing organization, nymc llc, does not compensate any of its managers or officers. Certain officers of nymc llc are compensated by a related tax exempt organization.”

“Nymc, llc became the sole member of new york medical college on may 13, 2011. The acquisition of the medical college facilitates and accelerates the college's strategic growth, improves the quality of its educational offerings, expands research and development activities, and provides greater professional opportunities for its students. In addition, its single member llc, trumada management llc intends to (a) act as the sponsor and manager or general partner of any special purpose vehicle (spv), (b) deal with any securities and other assets that trumada may receive from time to time from any spv or otherwise, and (c) engage in any lawful act or activity for which a limited liability company may be organized under the laws of the state of delaware.”