RESOLUTION OF THE BOARD OF TRUSTEES UNIVERSITY OF THE VIRGIN ISLANDS Purpose: To approve a rate reduction for eligible graduates of Clarence Fitzroy Bryant College to attend the University of the Virgin Islands under the terms of a Memorandum of Agreement. WHEREAS, the University of the Virgin Islands is committed to supporting the intellectual and professional development of the workforce in the Virgin Islands and wider Caribbean as part of the University’s mission; and WHEREAS, the University of the Virgin Islands and the Clarence Fitzroy Bryant College have negotiated into a Memorandum of Agreement that will permit eligible graduates of the College to enroll in degree programs at the University; and WHEREAS, the Memorandum of Agreement will afford eligible graduates of the College the opportunity to receive a rate reduction that is 1.75 times the tuition rate for residents of the U.S. Virgin Islands; and WHEREAS, the Memorandum of Agreement is subject to termination by either party informing the other of such intent by written notice at least sixty (60) days in advance of the termination; and WHEREAS, in the event either party terminates the Agreement, students currently enrolled in the program at the University shall be permitted to complete their respective degree program under the terms of the Agreement; and WHEREAS, on May 16, 2011, the Academic, Research and Student Affairs Committee of the Board of Trustees voted to recommend to the Board of Trustees the approval of the Memorandum of Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY THAT: 1. The tuition structure delineated within the Memorandum of Agreement is hereby approved. 2. The President is authorized to take such action as is necessary to implement this resolution. 3. This resolution shall become effective June 11, 2011. CERTIFICATION The undersigned hereby certifies that the foregoing is a true and exact copy of a resolution of the Board of Trustees of the University of the Virgin Islands adopted at its meeting on Saturday, June 11, 2011, as recorded in the minutes of the said meeting. June 11, 2011 Secretary of the Board Date