The Board of Directors of Vegas License International (the "Firm") sets high standards for the Firm. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Firm's business. To fulfill its responsiblities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Firm or as required by applicable laws and regulations.