New Market Opportunity Fund Inc

“Per the Taxpayers Articles the Taxpayer is at all time accountable to a residents of low income communities through its advisory board as contemplated under Section 45Dc1B and b its Supported Organizations. Throughout the year representatives of the Supported Organizations and members of the the Taxpayers advisory board monitors review and discuss the activity of the Taxpayer and its affiliate entities reported on Schedule R to assure such activity is consistent with the purposes and missions of the Supported Organizations Taxpayer and each of the Taxpayers Community Development Entities. Each proposed and monitored transaction of each affiliated entity is reviewed by representatives of the Supported Organizations on the Taxpayers governing board and Taxpayers advisory board upfront and on a routine periodic basis after closing to assure such transaction is exclusively related and consistent with the missions and purposes of the Taxpayer and its Supported Organizations. The exclusive purpose of the Taxpayers independent statewide advisory broad is to assure that the Taxpayer and is affiliate entities are only facilitating the formation and operation of community development entities and transactions that exclusively further the missions and purposes of the Supported Organizations and Taxpayer. Detailed analysis of each proposed formation of each of the Taxpayers community development entity and each proposed transaction of such community development entity is completed for the Taxpayers advisory board to assure such activity is and will continue to be related to the missions and purposes of the Taxpayer and its Community Development Entities. The Taxpayer with not pursue the formation a new community development entity or allow a community development entity to facilitate a new transaction without the support of the Taxpayers advisory board and the representatives of its Supported Organizations.”

“Throughout the year representatives of the Supported Organizations members of the governing board and officers monitor review and discuss the activities of the Taxpayer and its affiliate entities as reported on Schedule R. This oversight ensures that the activities align with the missions of the Supported Organization and the Taxpayer and are accurately reflected on Form 990 and each affiliates tax return. When necessary the management seeks advice from independent tax accountants for analysis. Each proposed and monitored transaction of the affiliated entities undergoes thorough review by the Supported Organizations governing board members officers and the advisory board to ensure alignment with the missions and purposes of the Taxpayer and its Supported Organizations. The independent statewide advisory boards sole purpose is to confirm that the Taxpayer and its affiliate entities solely support the establishment and operation of community development entities and transactions that further the missions of the Supported Organizations and the Taxpayer. Detailed analysis of each proposed community development entity formation and transaction is conducted by the management of each entity for the Taxpayer. These analyses are then reviewed and routinely monitored by the Supported Organizations Taxpayers governing board members and officers and the advisory board to ensure ongoing alignment with their missions. The Taxpayer will not initiate the formation of a new community development entity or approve a new transaction without the endorsement of the Taxpayers advisory board and the Supported Organizations representatives. Information required for Form 990 preparation such as the prior years filed Form 990 updated advisory board information and K-1s from community investment entities is promptly shared with each board member and supported organization throughout the year. Any significant changes to the current years return are disclosed to board members and supported organizations as necessary. A draft of the completed Form 990 is circulated to each board member and supporting organization for review and comments before filing.”

“Routinely analysis by management and advice provided to each director and office to report any potential conflict of interest. No transaction is effectuated by the taxpayer without considering potential conflicts of interest. To date there have not been an breaches or required enforcement related to the Taxpayers policies.”

“The Taxpayer will provide its governing documents articles of incorporation and bylaws Form 1023 conflict of interest policy financial statements and Form 990 available to the general public upon request at any time at an office of the organization or via e-mail . No requests were received during the taxable year.”

“| Name of the person:, Address of the person:| Dennis Carson, 515 Columbia Street, 515 Columbia Street, 515 Columbia Street, IN, 46037| S Joe DeHaven, 11760 Whisperwood, 11760 Whisperwood, 11760 Whisperwood, IN, 46037| Andrew Wiand, 635 S Lafayette BLVD Suite 123L, 635 S Lafayette BLVD Suite 123L, 635 S Lafayette BLVD Suite 123L, IN, 46601|”

“| Explanation:| See Schedule R Part IV. 1 Kokomo Developer Member Inc - Share of loss”

“| Explanation:| See Schedule R Part III. 1 New Market Tax Opportunity Fund CDE II LLC - Share of loss”

“| Explanation:| See Schedule R Part IV. 1 Kokomo Developer Member Inc - Share of loss”