Biobat Inc.

“The corporation shall consist of two (2) members: the research foundation of state university of new york, for the benefit of suny downstate medical center, ("research foundation") and new york city economic development corporation ("edc"). While the research foundation shall act for the benefit of suny downstate medical center, the research foundation shall maintain the membership powers and interest, along with nycedc. Each member shall remain a member until the membership terminates by resignation or dissolution of the corporation.”

“In accordance with the bylaws of the organization, the board of directors shall be appointed by the corporate members. Four of the directors shall be named by the research foundation of the state university of new york, four shall be named by the new york city economic development corporation and two shall be elected jointly by the members.”

“The 990 is made available to the board and 990 is reviewed by the audit committee.”

“Each trustee, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflicts of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted by the audit committee.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“The organization is amending its form 990 to correct financial information previously reported since financial statements were issued subsequent to filing the tax return: the following parts of the tax return were affected by the adjustment: part i - summary part iii - expense per program part ix - statement of functional expenses part x - balance sheet part xi - reconciliation of net assets schedule d - part vi - land, building & equipment schedule d - part x - other liabilities schedule d - part xii - reconciliation of revenue per audited financial statements with expenses per return”

“The executive director is compensated from the research foundation of the state university of new york.”