Monitoring And Assessment

7.1. Each Committee shall report regularly to the Board of Directors.


7.2. The Compliance Officer shall establish an evaluation system to determine and measure compliance with this Manual. Any violation thereof shall subject the responsible officer or employee to the penalty provided under Part 8 of this Manual.


7.3. The establishment of such evaluation system, including the features thereof, shall be disclosed in the company's annual report (SEC Form 17-A) or in such form or report that is applicable to the Corporation. The adoption of such performance evaluation system must be covered by a Board approval.


7.4. This Manual shall be subject to quarterly review unless the same frequency is amended by the Board.


7.5. All business processes and practices being performed within any department or business unit of Vitarich Corporation that are not consistent with any portion of this manual shall be revoked unless upgraded to the complaint extent.