Ui Labs Inc

“FAMILY RELATIONSHIP Jenny Fisher, Vice President of Administration, has a family relationship with Warren Holtsberg, Chairman of UI LABS' Board of Directors. FORM 990, PART VI, LINE 11B FORM 990 REVIEW PROCESS The IRS form 990 is prepared by an external public accounting firm. Internal members of finance review the draft prior to dissemination to the Audit Committee. The Audit Committee then reviews the draft, and prior to filing a draft is distributed to the full Board of Directors.”

“CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT UI LABS issues to its board members, officers, management, and staff the corporation's conflict of interest policy on an annual basis. All board members, officers, management, and staff must acknowledge their agreement to comply with the conflict of interest policy through signature. All conflicts of interest disclosed will be reviewed by the chairman. If further action needs to be taken, the issue is brought before the board of directors. If a potential conflict with a specific potential transaction appears, UI LABS will call a special meeting of the board of directors where a determination will be made whether to proceed with the transaction. Any related person will not be present or participate in deliberations, discussions or vote in connection with the transaction.”

“PROCESS FOR DETERMINING COMPENSATION UI LABS worked in conjunction with the Board Chairman and outside consultants to set labor rates for key employees. The labor rates were subsequently reported to the Department of Defense. Annual increases for key employees as well as all salaries above $100,000 were brought to the attention of the Chairman of the Board and the Board Compensation Committee by the CEO. For other key positions within the organization, salaries are approved as part of the annual budget approval process. Every year, or as need arises, surveys are done so that salary benchmarks can be determined. When major changes are going to be made, this information may be brought to the appropriate Board committees for their review/ approval.”

“HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC The organization's governing documents, conflict of interest policy, and financial statements may be made available only upon request and with the approval of the organization.”

“ORGANIZATION'S MISSION, CONTINUED. 1. Principally, to actively and continuously engage directly in the Conduct of scientific research and technology research and technology Development in conjunction with one or more academic research institutions within the meaning of 170(b)(1)(a)(iii) of the code; 2. To promote, conduct and enhance interdisciplinary research at the Intersection of computing, informational sciences, engineering, life Sciences, creativity and innovation at and in conjunction with the University of Illinois and other academic research institutions; 3. To provide to the Chicago land and Illinois community facilities, Resources and educational opportunities in areas related to high Performance computing and applications in advanced manufacturing, transportation, energy, health, environmental and food production, And other scientific applications as deemed fit by the board of Directors; 4. To serve the community by fostering work for development, entrepreneurial activities, civic engagement and outreach focused on The applications in (3); 5. To facilitate practical application of discoveries arising out of Research UI LABS through public-private partnerships with for-profit business entities and other non-profit institutions; and 6. To engage in any other lawful activities in furtherance of the above purposes. Form 990, Part VI, Line 1a BOARD COMMITTEES: THE BOARD SHALL ESTABLISH AN EXECUTIVE COMMITTEE AND AN AUDIT COMMITTEE, AND MAY BY RESOLUTION DESIGNATE ONE (1) OR MORE ADDITIONAL BOARD COMMITTEES (COLLECTIVELY, "BOARD COMMITTEES"). ALL BOARD COMMITTEES SHALL CONSIST OF THREE (3) OR MORE COMMITTEE MEMBERS. THE EXECUTIVE COMMITTEE SHALL CONSIST SOLELY OF DIRECTORS. A MAJORITY OF THE MEMBERS OF ANY OTHER BOARD COMMITTEE SHALL BE DIRECTORS. BOARD COMMITTEE MEMBERS SHALL BE APPOINTED BY, AND SHALL SERVE AT THE PLEASURE OF, THE BOARD OF DIRECTORS; HOWEVER, ALL BOARD COMMITTEE APPOINTMENTS SHALL BE RECONFIRMED AT LEAST ANNUALLY. EITHER ON ITS OWN INITIATIVE OR UPON RECOMMENDATION BY A BOARD COMMITTEE, THE BOARD BY RESOLUTION MAY ESTABLISH A STATEMENT OF PURPOSE, DUTIES AND RESPONSIBILITIES FOR ANY BOARD COMMITTEE NOT INCONSISTENT WITH THE BYLAWS. EXECUTIVE COMMITTEE: THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR AND VICE-CHAIR OF THE BOARD, ALONG WITH AT LEAST ONE (1) OTHER DIRECTOR. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD IN CONDUCTING THE AFFAIRS OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE PROVIDES DIRECTION, COUNSEL AND OVERSIGHT TO THE CEO IN THE CONDUCT OF THE CORPORATION'S DAY TO DAY ACTIVITIES. THE EXECUTIVE COMMITTEE SHALL ALSO DEVELOP THE CORPORATION'S ANNUAL BUDGET (INCLUDING PLANS FOR THE FUNDING THEREOF), WHICH SHALL BE PRESENTED TO THE FULL BOARD FOR APPROVAL, AND SHALL MONITOR THE CORPORATION'S FINANCIAL PERFORMANCE RELATIVE TO ANY SUCH BUDGETS SO APPROVED.”

“During the fiscal year ended December 31, 2016, UI LABS received in-kind donations of goods and services, including software, from members of the DMDI consortium. As of the date the financial statements were available to be issued, UI LABS had not implemented the software, and was still in the process of working with the government to determine the fair value of the contributions. These contributions did not meet the criteria for recording in the year ended December 31, 2016. Based on the initial estimates provided by the donating parties, the value of the in-kind donations is approximately $91 million.”