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IPVG CORP.AMENDED CORPORATE GOVERNANCE MANUAL

The Board of Directors and Management, i.e. officers and staff, of IPVG Corp. (hereinafter, the “Corporation”) hereby commit themselves to the principles and best practices in this Manual, acknowledge that the same guide the attainment of our corporate goals.

1. OBJECTIVE

This Manual shall institutionalize the principles of good corporate governance in the entire organization.

The Board of Directors and Management, employees and shareholders, believe that corporate governance is a necessary component of what constitutes sound strategic business management and will therefore undertake every effort necessary to create awareness within the organization as soon as possible.

2. COMPLIANCE SYSTEM

2.1. Compliance Officer

2.1.1. To ensure adherence to corporate principles and best practices, the Chairman of the Board shall designate a Compliance Officer who shall hold the position of a Corporate Secretary. He shall have direct reporting responsibilities to the Chairman of the Board.

2.1.2. He shall perform the following duties:

§ Monitor compliance with the provisions and requirements of this Manual; § Appear before the Securities and Exchange Commission upon summon on similar matters that need to be clarified by the same; § Determine violation/s of the Manual and recommend penalty for violation thereof for further review and approval of the Board; § Issue a certification every January 30^th of the year on the extent of the Corporation’s compliance with this Manual for the completed year, explaining the reason/s of the latter’s deviation from the same; and § Identify, monitor and control compliance risks.