Quantum Leap Farm Inc.

“The 990 is reviewed by the finance and audit committee and then made available to the board of directors through email prior to filing.”

“I. Persons concerned - this statement is directed not only to directors and officers, but to all employees who can influence the actions of quantum leap farm: for example, this would include all who make purchasing decisions, all persons who might be described as "management personnel", and anyone who has proprietary information concerning quantum leap farm. Ii. Areas in which conflict may arise - conflicts of interest may arise in the relations of directors, officers, and management employees with any of the following third parties: 1. Persons and firms supplying goods and services to quantum leap farm. 2. Persons and firms from whom quantum leap farm is dealing or planning to deal in connection with the gift, purchase, or sale of real estate, securities, or other property. 3. Competing or affinity organizations. 4. Donors and others supporting quantum leap farm. 5. Agencies, organizations, and associations which affect the operations of quantum leap farm. 6. Family members, friends, and other employees. Iii. Nature of conflicting interest - a conflicting interest may be defined as an interest benefiting an individual board, officer, and/or management employee, direct or indirect, with any persons or firms mentioned in section ii. Such an interest might arise through: 1. Owning stock or holding debt or other proprietary interest in any third party dealing with quantum leap farm. 2. Holding office, serving on the board, participating in management, or being otherwise employed (or formerly employed) with any third party dealing with quantum leap farm. 3. Receiving remuneration for services with respect to individual transactions involving quantum leap farm. 4. Using quantum leap farm's time, personnel, equipment, supplies, or goodwill for anything other than quantum leap farm approved activities, programs, and purposes. 5. Receiving personal gifts or loans from third parties dealing or competing with quantum leap farm. Receipt of any gift is disapproved except gifts of a value less than $50, which could be refused without discourtesy. No personal gift of money should ever be accepted. Iv. Disclosure policy and procedure: 1. The conflicting interest is fully disclosed. 2. The person with the conflict of interest is excluded from the discussion and approval of such transaction. 3. A competitive bid or comparable valuation exists; and 4. The board has determined that the transaction is in the best interest of the organization.”

“The board of directors uses salaries of other top management officials of similar organizations as comparability data in determining the organization's executive director's compensation each year.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“BAD DEBT EXPENSE -2,876.”

“Neither the oversight process nor the selection process has changed during the tax year.”