Good World Solutions Inc.

“Fair trade usa is a related, tax-exempt entity that provides management services, including human resources, administration, and finance, for which the filing organization pays a quarterly fee that is based upon total expenses”

“The organization is a member organization and fair trade usa is the sole member”

“Fair trade usa, as the sole member of the organization, has the power to elect the members of the governing body”

“Fair trade usa is the sole member of the filings organization. The fair trade usa audit committee has oversight for the gws tax return and reviews the return prior to filing.”

“Once each year, the organization distributes a list of vendors and donors to the board. After reviewing the list, the board is required to sign a conflict of interest policy compliance statement. If a potential conflict exists, the interested person must disclose all material facts and leave the board or committee meeting while the determination of a conflict of interest is voted upon. The remaining board or committee members decide whether a conflict of interest exists. In the event of an actual conflict, the board or committee exercises due diligence to determine whether a more advantageous transaction or arrangement can be obtained that would not give rise to a conflict of interest. If a more advantageous arrangement is not reasonably attainable that would not give rise to conflict, the disinterested directors determine whether to enter into the arrangement by majority vote.”

“Governing documents, conflict of interest policy, and financial statements are available upon request”

“In 2016, good world solutions (gws) began noticing signals of stagnation with some of the users of its laborlink software and platform and, at the same time, continued seeing an increase in expenses as gws serviced more high-touch users and its fixed costs with respect to employees and technology remained steady. In response to this trend, and seeking to maximize the long-term scalability and potential impact of the laborlink software and platform, gws identified and conducted due diligence regarding twelve potential purchasers of certain of its assets. Gws staff engaged in conversations with most of these identified entities to explore the possibility of a sale and to gauge each potential purchaser's financial stability, ability to scale the impact of gws's current activities, current investments towards impact, and likelihood of long term success. Upon completing this due diligence, gws solicited offers from three potential purchasers, two of which submitted bids to gws that included financial offers and one of which offered only in-kind resources and collaboration opportunities. Upon carefully reviewing these three submitted offers and considering all of the relevant factors, the gws board decided to pursue negotiations with elevate management limited, a british virgin islands company ("elevate"). The gws board determined that it was in the best interests of this corporation that it sell certain of its assets to elevate, for a number of reasons. The final sale was concluded in august 2017.”

“GRANT REVERSAL -144,909.”