Subject: Articles And Certificate Of Incorporation

Governing Board Approval: June 11,1993

Pursuant to pre-organization steering committee sessions held in London March 30 - April 3, 1981, the International Business Aviation Council, Ltd. (IBAC) is incorporated in the District of Columbia, United States of America.

Articles of Incorporation were drawn up under date of June 19, 1981, and a Certificate of Compliance was issued by the government of the District of Columbia on June 25, 1981, certifying that IBAC's Articles complied with all provisions of the District's Non-profit Corporation Act.

Choice of the District of Columbia as place of incorporation was in accordance with decisions reached by the London working group at its final meeting, April 3, 1981, at Browns Hotel. Consensus was stated there that incorporation should be in the United States of America, with choice of jurisdictional location left to the National Business Aircraft Association (NBAA).

The Articles of Incorporation and District of Columbia Certificate are filed with the records of the IBAC Corporate Secretary.

Source of Policy: (1) "Minutes of a Meeting of the Steering Committee, held Friday, 3rd April 1981 at Browns Hotel . . ." copy on file in IBAC Corporate Secretary's records.

(2) Articles of Incorporation date June 19, 1981.

(3) District of Columbia Certificate, Office of Recorder of Deeds, Corporation Division, June 25, 1981.