Dakota Resources

“The executive committee shall consist of the officers and the immediate past chair, and shall have and exercise the authority of the board of directors in the management of the corporation; but the designation of such committees and the delegation hereto of authority shall not operate to relieve the board of directors, or any individual directors, of any responsibility imposed upon it or him/her by law.”

“Jon farris and mark litton have a business relationship.”

“Changes to bylaws included the elimination of proxies and a change in a quorum required for meetings from 40% to 51%.”

“Management reviews and approves a draft of the form 990. A final version of the management approved draft is made available to board members through the organization's website and via e-mail. Board members are encouraged to review the 990 prior to filing the return with the irs.”

“Every director and staff of dakota resources is expected to avoid situations that might be construed as a conflict of interest. All board and committee meetings begin with the chair asking all members to disclose any potential conflicts of interest based on the agenda for the meeting. If there are conflicts, the conflict is recorded in the minutes and that board member abstains from any action around that item. This too is recorded in the minutes of the meeting.”

“The executive committee conducts an annual review with the president. Compensation is determined by the board of directors. This process was last undertaken in 2016.”

“All documents are available upon request.”

“While linda van hofwegen and dustin ludens's primary roles are that of managing director and senior portfolio manager to dakotas america llc, they are considered employees of dakota resources per the managing agreement in place between the two organizations.”