Minutes of the Meeting

of the
PRIDE Enterprises Board of Directors

July 30, 2009

A meeting of the PRIDE Enterprises Board of Directors was held on Thursday, July 30, 2009 at
the corporate office in St. Petersburg.

Board Members present were:

Jim Reeves
Mike Hill
Tomas Jimenez
Rick Hanas
Dick Kravitz
Rochelle Matza
Radha Mehta
Secretary Walt McNeil
Bill Dresser (via phone)
John Medina (via phone)

Board Members absent were:

Vicki Lopez Lukis

Others in attendance were:

Rick Davison, Deputy Secretary, Florida Department of Corrections
Robert Sloan, General Public
Rebecca Smith, General Public

PRIDE Staff members present were:

Jack Edgemon, President
Pete Radanovich, CFO
Dee Kiminki, Assistant Secretary to the Board
Carol Tortarelli, Director, Mission Programs
Rod Horne, General Manager
Bill Volmuth, Senior Consultant New Business
John Goltz, Purchasing Agent (Recording Secretary)

Summary:
• The minutes from the April 30, 2009 Board meeting were approved.
• The 2009 2nd Quarter Financial Statements were approved.
• The 401k Retirement Plan Audit was approved.
• Wilbur Brewton was appointed as General Counsel to PRIDE Enterprises.
• It was approved to promote Dee Kiminki to the position of Chief Administrative Officer.
• It was approved to change the calculation methodology for PRIDE’s voluntary 15%
victim restitution contribution.
• The PITF Resolution was approved.
• It was approved to accept the Governance Committee meeting minutes of June 11, 2009
including the recommendation to re-elect the existing slate of officers.
• Tomas Jimenez was approved as Member-at-Large of the Board Executive Committee.

PRIDE Enterprises Board of Directors Meeting Minutes July 30, 2009 Page 1 of 3
 • The President’s Report on operational updates was presented.

Notes:
The meeting was called to order at 9:10 a.m. All reference materials had been sent to Board
members in advance of the meeting. A motion was made, duly seconded and unanimously
approved to accept the minutes from the April 30, 2009 Board Meeting.

Mike Hill, Treasurer and Finance Committee Chairman, provided a Finance Committee Report
covering a review of the mid-year 2009 financial statements. Sales were slightly above budget
at $40.5 million with net income at almost $4.2 million, which was well above the budget of $2.1
million. All Key Financial Ratios were reported as favorable, however, it was anticipated that
total revenue by year-end would be under budget. As a result of favorable financial
performance, and to mitigate future expenses, the SunTrust loan, acquired to pay off and
terminate the Defined Benefit Plan, was paid in full resulting in a savings of approximately
$146,000 in interest over 3 years. A motion was made, duly seconded and unanimously
approved to accept the financial statements as presented.

The 401k Retirement Plan Audit was reviewed and it was noted that the statements were
“presented fairly.” A motion was made, duly seconded and unanimously approved to accept the
401k Retirement Plan Audit as presented.

It was announced that PRIDE’s General Counsel, Ron LaFace of Greenberg Traurig P.A., had
resigned and it was recommended that Wilbur Brewton of Brewton Plante P.A. be appointed as
a replacement. A motion was made, duly seconded and unanimously approved to appoint
Wilbur Brewton as General Counsel for PRIDE Enterprises. Mr. Brewton was briefly contacted
via phone and offered congratulations on his acceptance of this appointment.

Mike Hill discussed the request to promote the Director of Purchasing, Dee Kiminki, to the newly
created position of Chief Administrative Officer, which will be part of the executive team. It was
noted that this title change will to be more inclusive of Ms. Kiminki’s current duties and will
include the addition of public, media and government liaison. A motion was made and duly
seconded. In discussion, Mike Hill suggested to management that they consider a pay increase
reflective of the additional duties. A vote unanimously approved the promotion of Dee Kiminki to
the position of Chief Administrative Officer.

There was a discussion regarding the calculation of victim restitution. Jack Edgemon explained
that this is a 15% voluntary donation from PRIDE to the Court Ordered Payment System
(COPS) on behalf of the inmate workers who have court ordered victim restitution obligations.
The 15% is a PRIDE donation and is not deducted from inmate traditional wages. In order that
contributions be more accurate and equitable, as well as the recognition of annual savings, it
was requested that this calculation methodology be changed so that the 15% accrual is
generated from traditional wages of inmates who have court ordered victim restitution only,
rather than an aggregate of all inmate wages. A motion was made and duly seconded to
approve the change in the computation of victim restitution. There was general discussion of the
computation process. Specifically, there was discussion concerning the accumulation of
undistributed funds in COPS, which is administered by the Department of Corrections.
Secretary McNeil explained the department’s efforts to be more effective in the management
and distribution of COPS funds, which belong to the victims. Visitor Robert Sloan was allowed to
speak; he commented that some inmates have victim restitution determined by the courts after
release from prison and hoped that this could be addressed in some way. A vote unanimously
approved the change in computation of the voluntary 15% victim restitution contribution.

PRIDE Enterprises Board of Directors Meeting Minutes July 30, 2009 Page 2 of 3
A motion was made, duly seconded and unanimously agreed to approve the PITF Resolution as
presented (a copy of same is attached hereto and made a part hereof).

Mike Hill expressed, on behalf of the Board, appreciation of Secretary McNeil’s efforts in support
of PRIDE and that the Board would like to share this sentiment with potential gubernatorial
candidates. Secretary McNeil indicated that he was flattered, but felt that his tenure in the
position was a matter of compatibility and common vision with the incoming administration. He
thanked the Board but suggested that he should get with each candidate to determine mutual
compatibility and vision.

Bill Dresser provided a Governance Committee report, a summary of which was provided in the
meeting minutes from June 11, 2009. Three primary points included: support of Board members
awaiting Senate confirmation, support of Board members up for re-appointment, and a slate of
officers for re-election (Jim Reeves, Chairman; Rick Hanas, Vice Chairman; Mike Hill,
Treasurer; Bill Dresser, Secretary). A motion was made, duly seconded and unanimously
approved to accept all three points as presented in the Governance Committee meeting minutes
of June 11, 2009. In regard to the Member-at-Large, a motion was made, duly seconded and
unanimously agreed to re-elect Tomas Jimenez as Member-at-Large. It was agreed that if any
of the elected members on the Executive Committee are not re-appointed upon term expiration,
then the Executive Committee would meet to determine a course of action.

Jim Reeves noted that the Governor’s Deputy Chief of Staff, Lori Rowe, is taking a temporary
leave of absence and requested a meeting with the interim replacement, David Foy.

There was a break between 10:20 a.m. and 10:36 a.m.

Jim Reeves introduced Rod Horne, PRIDE’s General Manager of AG, Services and General
Manufacturing, and presented him with a 15 year service award. Jack Edgemon added his
gratitude for the service and commitment of Mr. Horne.

Jack Edgemon presented the President’s Report as outlined in the reference materials. Carol
Tortarelli provided an update on Mission Programs. In regards to Government Affairs, Board
members were asked to contact their legislative representatives and appropriate committees to
garner support of Board member confirmations, Board member reappointments and general
support of the PRIDE program. A handout of Legislative Talking Points was provided. The ex-
offender recognition dinner scheduled for November 17th was discussed.

There was a break between 11:23 a.m. and 12:12 p.m.

Mr. Edgemon continued his report and advised the Board that there had been a routine inquiry
from OPPAGA and he was expecting a report which would be sent to Board members. He
reviewed organizational changes in personnel and various PRIDE industries. Bill Volmuth,
Senior Consultant for New Business was introduced to the Board and presented PRIDE’s plan
to develop alternative energy businesses beginning with solar electric power.

There being no further business, the meeting was adjourned at 1:00 p.m.

____________________________
James J. Reeves, Chairman of the Board

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