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Terms & conditions of the Trust

(A) Initial Corpus – In pursuance of the premises above, the Settler does hereby settle upon Trust and hand over to the Trustees the sum of Rs. ------------------- (Rupees ------------------------------------) to be held in Trust with the powers and subject to the provisions hereafter concerned the same.

(B) Board of Trustees – The Board of Trustees of the Trust for the life-time shall consist of the following members:

Dr. Mahesh ‘Sai-Prem’ - President/Chairman

(C) The President/Chairman of the Trust may appoint additional Trustees with a view to look after the management of the Trust from time to time and the Chairman is also authorized to take all the decisions so as to run and/or manage the activities of the Trust.

(D) The Board of Trustees shall have the management of all the affairs and funds of the Trust and shall have the authority to exercise all the powers of the Trust.

(E) The Chairman shall preside at all the meetings of the Trust and in his absence the Trustees present may appoint any other person to preside over the meeting.

(F) Any Trustee may at any time resign his office of the Trustee by giving one month’s notice to his co-Trustees and upon the expiry of such period, such Trustee shall be deemed to have vacated his office.

(G) The Chairman will be empowered to remove any Trustee(s) from the Board in case his activities are found to be prejudicial and detrimental to the interest of the Trust.

(H) Without prejudice to the General powers conferred on the Board of Trustees, it is hereby expressly declared that the Board of Trustees shall have full powers to –

¨ Raise any fee, subscription or donation.

¨ Accept any grants, gifts or donations whether in cash or in kind.

¨ Purchase, take or in exchange, hire or otherwise acquire any property or in particular any land, building and any right or privileges necessary or convenient for the purpose of Trust and to construct, erect, alter, improve and maintain any building which may from time to time be required for the purposes in the objects of Trust and to manage, develop, sell, let, mortgage, dispose off, turn account or otherwise deal with all or part of the same. The purchase, taking land on lease or in exchange hire or acquiring any property shall be preferably by the name of Chairman/President and if not possible then in the name of the Trust. Every land in the name of Swamiji (President/Chairman) will be in turn given to the Trust on lease for some duration preferably for 11 years.

¨ To borrow or raise any money that may be required by the Trust upon such times as may be deemed advisable. The President must be priory informed for all financial transactions made by the members of the Trust, other than President himself, in writing.

¨ To sell, lease, exchange and otherwise transfer all or any property of the Trust to sole authority of the President/Chairman.

¨ To set up any separate Trust or institution under the auspices of this Trust and provide for the regulation of such Trust or institution.

¨ To undertake and accept the management of any endowment or trust having objects similar to the objects of the Trust.

¨ To invest the funds or moneys entrusted to the Trust in such manner and in such deposits or securities as may from time to time be determined by the Board of Trustees.

¨ For the purpose of the Trust to draw, accept, make, endorse, discount promissory notes, bills of exchange, cheques or other negotiable instruments.

¨ To establish and support or aid in the establishment and support of the associations, institutions, funds, trusts, calculated to benefit employees of the Trust or institutions established and/or managed by the Trust or the dependants or connections of such persons and to grant pensions and allowances to and make payments towards insurance of such persons.

¨ To do all such lawful things as are conducive or incidental to the attainment of the above objects.

¨ To delegate any of its powers to such persons or sub-committees as the Board of Trustees may think fit.

¨ To frame bye-laws and amend them from time to time regarding matters concerning of the Trust.

¨ The trustees shall be entitled to reimburse themselves or to pay and discharge out of the income of the Trust Fund in priority to any other expenses there out, all expenses incurred by the said Trustees in or about the execution of the Trust and power of these presents including the cost, expenses and fees to be incurred and paid on a change of investments, the expenses of keeping and publishing the accounts and the legal expenses and lawyers charges, etc. provided that all such costs and expenses as aforesaid shall in the first instance be met and defrayed whether settled or not from the income of the Trust Fund so far as the Trust Fund will extend.

¨ The Trustees shall have powers to appoint regular staff, if necessary, according to the requirement for managing the working of the Trust. The Board of Trustees shall have powers to further frame such rules and regulations for fulfillment of the purposes of the Trust and for carrying out the objects of the Trust or in connection of the meetings and from time to time repeal, amend, add to or alter the same. They will also have the power to widen the scope of the Trust and add, subtract or alter or modify the existing objects of the Trust.

¨ The Trustees shall have powers to open various offices all over India and/or abroad and to manage those offices by themselves and/or by their duly authorized representative.