Board of Directors

(a)All powers vested in the Authority, except as provided herein, shall be exercised by the Board, which shall consist of seven

(7)members, called directors, who shall be nominated and appointed by I CH. 1 ANTONIO B. WON PAT INTERNATIONAL AIRPORT AUTHORITY, GUAM Maga’håga/Maga’låhi, by and with the advice and consent of I Liheslatura. Each director shall serve a term of three

(3)years from the expiration of the term for which such director’s predecessor was appointed, and until a successor is appointed and qualified, or in the case of a director appointed to a newly created membership in the Board, such director shall serve a term of three

(3)years from the date of initial appointment, and until a successor is appointed and qualified. All vacancies occurring in the office of director shall be filled by I Maga’håga/Maga’låhi in the same manner as for full-term appointments, but only for the unexpired term of the director whose vacancy is being filled.

(b)Four

(4)directors shall constitute a quorum of the Board for the transaction of business. The Board may adopt rules and regulations governing the conduct of its affairs. It shall elect a chairman and a vicechairman from among its members. It shall appoint a secretary who shall not be a member of the Board and who shall maintain all records and minutes of the Board.

(c)Each Director shall receive the sum of Fifty Dollars ($50.00) for his attendance at any meeting of the Board, but such compensation shall not apply to more than two meetings in any one calendar month. No Director shall receive any other compensation, but shall be reimbursed for actual travel, subsistence and out-of-pocket expenses incurred in the discharge of his responsibilities, including authorized attendance at meetings held away from Guam.