Finreglab Inc.

“Form 990 is reviewed by the board of directors prior to submission.”

“To ensure finreglab operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic review shall be conducted. Finreglab regularly communicates with the offices, directors and trustees (a "interested person") of the organization to monitor compliance with finreglab's conflict of interest policy. Each interested person shall annually sign a statement which affirms such person (a) has received a copy of the policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the company 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. Each interested person has a duty to disclose a connection with any actual or possible conflict of interest in a proposed transaction or arrangement. (a) an interested person may make a presentation at the board or committee meeting, but after the presentation, the interested person shall leave the meeting during the discussion of, and the vote on, the proposed transaction. (b) the chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction. (c) after exercising due diligence, the board or committee shall determine whether the company can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (d) if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the proposed transaction is in the company's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the proposed transaction.”

“A meeting of the disinterested, non-employee members of the board of directors of finreglab, inc. (the "independent directors") was held to review and determine the ceo's compensation. The ceo did not attend the meeting of the independent directors. The independent directors reviewed data on comparable positions at similarly situated non-profit organizations and compensation information provided by an independent third-party non-profit consultant. The independent directors reviewed the compensation information, considered the findings, and then determined the compensation package for the ceo, which was then voted on and approved unanimously by the independent directors.”

“Governing documents are made available to the public upon request. The 990 form is made available to the public via guidestar.org and irs.gov websites.”

“Other fees which include contractors, marketing consultants and program contractors.”