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(a) The primary objectives
and purposes of this Corporation shall be to provide programs that
can contribute for students, educators and educational institutions
in Romania, India and USA.
(b) The Corporation is organized and shall be
operated exclusively for charitable, scientific and educational
purposes within the meaning of 501 (c) (3) of the Internal Revenue
Code of 1986, as amended (hereinafter the "Internal Revenue
Code").
(c) The Corporation is empowered to exercise all
rights and powers conferred by the laws of the State of California
upon nonprofit corporations, including, but without limitation,
to receive gifts, devises, bequests and contributions in any form,
and to use, apply, invest and reinvest the principal and/or income
therefrom or distribute the same for the aforementioned purposes.
The sale of assets received as gifts, devises, bequests, or contributions
shall constitute a proper use or application under the preceding
sentence.
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