Consiliumbots Inc.

“CB hires an independent CPA firm to prepare the federal form 990. After preparation of the federal form 990, management reviews the draft federal form 990. Once any questions or corrections are addressed, the draft federal form 990 is then distributed to the full board of directors to review and approve, once approved, it is filed with the IRS.”

“CB circulates the conflict of interest policy to each board member and officer. CB obtains an annual signed statement from each board member and officer that includes the following: 1. The board member or officer received a copy of the conflict of interest policy. 2. The board member or officer has read and understands the policy. 3. The board member or officer has agreed to comply with the conflict of interest policy. 4. The board member or officer understands that CB is a charitable organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purpose. The procedures are as follows: 1. A person with the conflict may make a presentation at the Board Meeting, but after the presentation, the person with the conflict is required to leave the meeting during the discussion and the vote on the transaction or arrangement involving the possible conflict of interest. 2. The board if appropriate will appoint a disinterested person to investigate alternatives to the proposed transaction or arrangement. 3. After exercising due diligence, the Board will determine whether CB can obtain a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. 4. If a more advantageous transacation or arrangement is not reasonably possible under the circumstances not producing a conflict of interest. The board will determine by a majority vote of the disinterested directors whether the transaction or arrangement is in CB's best interest and whether it is fair and reasonable. 5. The existence and resolution of the conflict is required to be documented in the corporation records, including the minutes of any meeting in which the conflict was discussed or voted on.”

“CB takes the following steps when determining the appropriate level of compensation for its officers and key contractors: 1. The COO reviews outside reports and surveys, such as those available from salary.com and guidestar to determine the average compensation and range of compensation currently being paid to persons in similar positions in New York and Chile areas. In determining whether the compensation is reasonable, the COO considers the amount of time the individual spends in their position, the expertise and other pertinent background of the individual and the need for the services of the particular individual. 2. The COO submits his findings and suggests compensation amount to the Board of Directors for their approval. 3. CB enters into independent contractor agreement with the officer or key contractor to document CB's contractual arrangement with the officer or key contractor. The independent contractor agreements are signed by the officer/key contractor and the CEO. 4. The COO is not involved in deciding his own level of compensation. The CEO of CB was not compensated for his services for the year ended December 31, 2021.”

“Copies of CB's reviewed financial statements, Form 990, Form 1023 and CB's Bylaws are posted on www.charitiesnys.com website.”