CENTURY ROAD CLUB ASSOCIATIONMEETING OF THE BOARD OF DIRECTORS

March 29, 2016

The Board of Directors (the “Board”) of the Century Road Club Association (the “CRCA”) held a duly noticed meeting on March 29, 2016 at the offices of Gibson, Dunn & Crutcher at 200 Park Avenue, New York, New York.

The meeting was called to order by Alexis Kraft, President of the Board, at approximately 6:30 PM.

The following members of the Board, constituting a quorum of the Board, were present:

• Alexis Kraft – President
• Gabrielle Fisher – Vice President, Racing
• Tara Parsons – Vice President, Rider Development
• Fred David – Secretary
• Ken Edwards – Treasurer
• Russ Bogin – Public Relations
• Randy Locklair – Membership Director
• David Wen Riccardi-Zhu – Communications Director
• Ted Teyber – Director of Open Racing

1. TREASURY / FINANCIAL

Ken Edwards provided an update on the status of the CRCA’s financial position, including a presentation of the CRCA’s available cash, the current revenue from membership enrollment and donations (which is still currently trending down compared to 2015) and open race registrations.

Mr. Edwards will provide an update regarding the CRCA’s 2015 state and federal tax returns at the Board’s next meeting.

2. SPONSORSHIPS

The Board discussed the importance of finding sponsors for the year’s remaining open races, including the Bear Mountain Classic, to help offset the CRCA’s expenses incurred in connection with hosting such races and the decrease in revenue from donors this year. The Board will reach out to their own subteams for sponsorship opportunities and will forward any prospects to Russ Bogin who will contact such prospects regarding sponsorship opportunities.

3. CLUB CHAMPIONSHIPS

The Board also agreed that the CRCA’s 2016 Club Championship would be held at the Bear Mountain Classic.

4. CLUB RACES

The Board discussed the need to send a reminder to members regarding the requirement to wear CRCA-approved kit at club races, and David Wen Riccardi-Zhu agreed to send email reminders to the members.

5. FALL ACTION ITEMS

The Board discussed several long-term projects, including revamping the CRCA’s website and changing the date of the Bear Mountain Classic for future years to a date other than Mother’s Day. The Board agreed that such topics should be reconsidered later in the year towards the end of the season. Fred David will create a running list of the various topics that the Board will reconsider later in the year on the Board’s Google Drive.

6. ADJOURNMENT

There being no further business, the meeting was adjourned at approximately 8:30 PM.

Respectfully submitted,

__________________________ Fred David Secretary