GUIDELINES ADOPTED BY THE BOARD OF DIRECTORS OF THE MERCHANTS EXCHANGE WITH RESPECT TO THE COMPOSITION OF THE BOARD RESOLVED, seconded and unanimously adopted that, inasmuch as the Bylaws of the Merchants Exchange do not provide for the composition of

This award is presented annually to recognize the significant and valuable leadership and contributions of an individual or company active in the Merchants Exchange. The recipient will have advanced the mission and goals of the Merchants Exchange and the intermodal