PLCS Board of Directors Conference Call

Thursday, November 18, 200410:30 AM (USA East Coast - i.e., Charleston, SC time)

Call in Number +1 843 760 4633

Pass code 0147282

Agenda

• 10:30Welcome by Chair• 10:35Roll Call of Attendees

» Confirmation of Required 2/3 Quorum

• 10:40Remaining Funding» Proposal for Technical Effort» Fixed Costs for Close Out Activities

• 11:00Formal Corporate Close Down» Distribution of Web Library Materials» Close Out of Sponsor Agreements» Resolution to Dissolve the Corporation

• 11:30Adjourn

Remaining Funding

• Total funds available = $88,898– Proposed use $42,833 Technical Efforts

• Eurostep to address DIS ballot comments• Available funding will be reduced if a new subcontract is

required

– Remaining $46,065 Corporate Close Out• $14,850 Financial Audits• $ 4,965 Legal• $17,028 ATI Labor extended tech and close out

efforts• $ 4,989 ATI G&A• $ 4,233 Fee

Close Down Activities• Distribution of Web Library Materials

– Each sponsor organization to receive 2 CDs• CD #1 All public web materials + tech library files• CD #2 Same as CD #1 + Board private area files

• Close Out of Sponsor Agreements– Legal activity to formally close agreements

• Financial Audits– Final financial audits by CPA firm– Required to shut down the corporation

• Resolution to Dissolve the Corporation– Requires approval by 2/3 sponsors– Authorize Board Chair to work with ATI to complete financial, legal,

filing, and accounting activities required to dissolve the Delaware corporation following the completion of the proposed technical efforts