Shr Holdings Inc

“Stanford university, as the sole stockholder, has the right to elect and remove directors of shr holdings, inc.”

“See response to part vi, line 6 above.”

“See response to part vi, line 6 above.”

“Shr holdings, inc. Has no other committees other than its board of directors.”

“Shr holdings, inc.'s form 990 is prepared based upon its accumulated financial data and supplemental information. Compensation data is extracted from stanford university's payroll records, and in each case, confirmed by the reported employee. The return is prepared by grant thornton, llp and reviewed by professionals within the tax department of stanford university. The return is provided to shr holdings, inc.'s full board of directors. The final version is signed by the president of the corporation.”

“Shr holdings, inc. Was created to hold title to and manage certain real estate assets and remit revenue therefrom to stanford university. Its officers are full-time employees of stanford university. Accordingly, shr holdings, inc. And its officers are bound to conduct the busienss of shr holdings, inc. In accordance with all policies of the university, which include written policies regarding conflict of interest, "whistle blowers and document retention and destruction. The unversity conflict of interest policy requires the officers of shr holdings, inc. To disclose annually interests that could give rise to conflicts. These annual disclosures cover both officers and their immediate families. When such associations exists, measures are taken to appropriately manage, in the best interest of the university and shr holdings, inc. Any actual or perceived conflict. From 990, part vi, section b lines 12 - 14 shr holding, inc. Conducts its business in accordance with all policies of stanford university, which include written policies regarding conflict of interest, whistleblowers and document retention and destruction.”

“The officers of shr holdings, inc. Are not compensated by shr holdings, inc.”

“Shr holdings, inc. Makes it governing documents available to the public upon request.”

“Controlled entities: shr holdings, inc. Does not control any organization. However, shr holdings, inc. Is reported as controlling, for purposes of section 512(b)(13), all organizations controlled directly or indirectly by stanford university.”