FOUNDATIONS’ ARTICLES OF ASSOCIATION
Supplement to the State Gazette of the Republic of Indonesia Dated 30/1-1996 No.9

DANA SEJAHTERA MANDIRI FOUNDATION
Number 28

Today, on Monday, fifteen January one thousand nine hundred ninety six (15-1-1996).

Presence before me, Koesbiono Sarmanhadi, Bachelor of Law, Magister of Law, Notary in Jakarta, accompanied by witnesses who have known to me, Notary, and their names shall be mentioned at the end of this deed:
1. Mr. Soeharto, Retired General of Indonesian Army, domiciles in Jakarta, on Jalan Cendana number 8, Central Jakarta;
2. Professor Doktor Haryono Suyono, private, domiciles in Jakarta, on Jalan Perdatam Lanjutan number 4, South Jakarta;
3. Mr. Sudwikatmono, entrepreneur, domiciles in Jakarta, on Jalan Bukit Golf Utama III PA number 24, Pondok Indah, South Jakarta;
4. Mr. Soedono Salim, entrepreneur, domiciles in Jakarta, on Jalan Gunung Sahari VI/24, North Jakarta
The attendees have known to me, Notary.
The attendees first explained in this deed that:
- as stipulated in 1945 Constitution, everyone entitles for a better life;
- the actual prosperity for Indonesian family is people’s goal that must be sought together between the Government and all of Indonesians;
- family as a core unit in a society plays a vital plan in the national development therefore it is necessary to always be developed as prosperous family that has characteristic as self sustaining and self reliance and plays as human resources who beneficial and useful for the development;
- achievement of self reliant family reached by all of the efforts and people’s fund especially through a miracle of savings; as described by the Father of Indonesian Development as follows:
- Savings Benefit;
- Calm the heart;
- Raise the work spirit;
- Generate achievement;
- Strengthen confidence;
- Able to keep self reliance;
- Easy to reach an actual prosperity.

Therefore, poverty alleviation of underprivileged family or to increase their prosperity must be carried out together by all society classes that have first reached the actual self reliant prosperity.

Based on the view and thought as mentioned, the attendees collect money in the amount of Rp. 250.000.000,- (two hundred fifty million Rupiah), that has been set aside from their assets, and using this amount as its working capital, by:

The Bless of the Almighty and encouraged by honest spirit to prosper other fellow Indonesians whose prosperity is still underprivileged, herewith explains that the establishment of a Foundation as a place to carry out the spirit and goal, by creating the Articles of Association as follows:

Name and Domicile
Article 1

The Foundation named : Yayasan Dana Sejahtera Mandiri, domiciles and has an office in Jakarta, with branches and or representative in another place as shall be stipulated later by the Board of Trustees and Board of Management.

Period
Article 2

The Foundation has started since the date and on the date this deed signed which was date of fifteen January one thousand nine hundred ninety six (15-1-1996), and established for the unlimited period of time.

Principle and Fundamental
Article 3

The purpose and objective of this Foundation is:
1. as a place for society to help each other in realizing the level of the actual prosperity and self reliant living standard for families in the pre-prosperous and prosperous 1 categories.

2. managing aid obtained from either Business or Individual tax payers by virtue of Decree of the President of the Republic of Indonesia No. 90 year 1995 on Income Tax Treatment on Aid Given to Guide Pre Prosperous and Prosperous 1 families in a broad meaning.

Efforts
Article 5

To reach the purpose and objective, Foundation carries out efforts:
a. Together with Government and the society participate in establishing Indonesian families to be able to participate as competent development subject;
b. Cultivate, receive and manage source of fund to increase the quality of human resources especially for pre prosperous and prosperous I families;
c. Provide safety, lenience and assistance to people who serve the development and families that contribute in alleviating pre prosperous and prosperous 1 families;
d. Collaboration with the departments, institutions, both public and private, that makes it possible to collect fund and facility to reach the Foundation’s objective.

Asset and Fund
Article 6

1. Foundation’s asset consists of :
a. Principal in the form of asset set aside from founders’ asset in the amount of Rp. 250.000.000,- (two hundred fifty million);
b. A grant, bequeath grant from various parties.
2. Foundation’s income and fund obtained from:
a. Aid obtained from business and Individual tax payers given based on the Presidential Decree Number 90 year 1995;
b. Untied donations or other contribution, either from government’s institution or private business, continue and permanent or lump sum, national or international;
c. Other legal income that is not against the prevailing laws and regulation.
3. Income and asset that is not immediately disbursed for Foundation’s need or to achieve its objective and carry its business, saved in a Bank or managed according to a way determined by one and other Board of Management that is not against the other provisions mentioned in the foundation’s Articles of Association and Bylaw.

Board of Trustees
Article 7

1. The founders of this Foundation are members of the Board of Trustees.
2. The Board of Trustees’ decision taken in a Board of Trustees’ meeting, while the Board of Trustees is the highest institution in the Foundation.
3. The Board of Trustees’ meeting held at any time when considered necessary by the Chairman of Board of Trustees, and meeting’s call delivered by the Secretary of Board of Trustees by at least 3 (three) days before the day of meeting, and this call should contain the time, venue and matters to be discussed in the meeting.
4. Rights and Duty of the Board of Trustees to establish, appoint and dismiss and/or terminate the Board of Management.
5. If necessary, the Board of Trustees can appoint and establish one or more Guardian and Advisor.
6. If there is a vacancy of member in the Board of Trustees, then his/her right and duty carried out in accordance with a written will of each founder.
7. Chairman and secretary of the Board of Trustees appointed by and among members of the Board of Trustees.

Board of Management
Article 8

1. This Foundation managed by a Board of Management that consists of at least 9 (nine) members where one of them will be a Chairman, three of them be Co-chairman, one to be a Secretary and one to be Co-treasurer, and other members appointed according to the need.
2. Members of the Board of Management appointed for 5 (five) consecutive years term by the Board of Trustees, however if necessary the Board of Management at any time can be replaced or terminated by the Board of Trustees.
3. At the end of his/her term, members of Board of Management can be re-appointed for the following term.
4. Membership of the Board of Management ends, due to:
a. death.
b. resignation.
c. under a clemency (order curatele gesteld)
d. termination based on resolution of the Board of Trustees’ meeting.
5. If there is a vacancy, then member of the Board of Management can propose to the Board of Trustees candidates to fill in the vacancy, on the other hand, the Board of Trustees can appoint other person to fill in the vacancy.

Duty and Authorization of the Board of Management
Article 9

1. The Board of Management required to implementing regulations stipulated in the Foundation’s Articles of Association.
2. The Board of Management upon the Board of Trustees’ approval, regulates as needed by Bylaw all matters that are not/not sufficiently regulated in this Articles of Association, creating other regulations as considered good and needed by the Foundation.
3. Bylaw and other regulations meant in paragraph 2 of this Article, cannot be against the Foundation’s Article of Associations.
4. Chairman, Co-chairmen, Secretary, Co-Secretary, Treasurer and Co-treasurer together become the Day-to-day Executive Board that run and perform day-to day executive board’s duty.
5. The Board of Management is responsible to the Board of Trustees.

Authorization of the Day-to-day Executive Board
Article 10

1. The day-to-day Executive Board represent the Foundation inside and outside the Court, and therefore it entitles to bind the Foundation with other party vice versa and performs all good deeds either management act or ownership act limited to:
a. borrow money for the Foundation, or lend money of the Foundation to other person/party;
b. mortgage, waive its right or set value on (use as collateral) either Foundation’s moveable or un-moveable asset;
c. bind the Foundation as insurer/guarantor;
d. expend more than Rp. 100.000.000,- (one million Rupiahs, outside the approved and budgeted fund in the approved expenditure budget; must get prior written approval from or the related agreements that also signed by the Chairman of Board of Trustees or the appointed Co-chairman.
2. The Chairman him/herself, or one of the Co-chairmen together with the Secretary entitles to represent the Day-to-day Executive Board.
On the matter of actions in relation to the expenditure and Income of the fund, then the Day-to-day Executive Board returns the authorization to the Board of Management or Co-chairman together with the Treasurer.
3. The Day-to-day Executive Board leads the foundation daily work and required to implement all the Board of Management’s resolutions and in performing the job, the Day-to-day Executive Board is responsible to the Board of Management.
4. Correspondence from Day-to-day Executive Board and all matters in relation to finance, and all matters related to relationship between the Foundation and its branches/projects will be regulated and stipulated in Bylaw.

The Board of Management Meeting
Article 11

1. The Board of Management required to conduct a meeting by at least once in 1 (one) year and at any time considered necessary by the Chairman, or one of the Co-chairmen, or by written request of at least 2/3 (two-third) members of the Board of Management to the Day-to-day Executive Board.
2. In all meetings, the Chairman leads the meeting and if the Chairman is absent, then the meeting led by the Co-chairman.
3. The Board of Management’s meeting is valid if attended by more than ½ (a half) of a total number of the Board of Management.
4. The Board of Management’s meeting call must be delivered by at least 3 (three) days in advance, in the meeting notice must be stated the time, venue and matters to be discussed in the meeting.
5. If the number of attendees is not sufficient, the meeting can be rescheduled immediately in 1 (one) hour after the first meeting closed, and next in the second meeting, resolution can be made regardless the number of the Board of Management that attends the meeting.
6. All resolutions made deliberately to reach an agreement.
7. The Board of the Trustees’ members either together or separately entitles to attend every Board of Management’s meeting, and in these meetings he/she/they have a binding vote.
8. The Chairman of a meeting is responsible for a Minutes of Meeting on what discussed and decided in the Board of Management’s meeting.

Fiscal Year
Article 12

1. The fiscal year of this Foundation started early April to March the following year every year.
2. The Day-to-day Executive Board required to preparing an annual report that must be endorsed by the Board of Management’s meeting and reported to the Board of Trustees.
3. By the latest in 3 (three) months after the closing of the Foundation’s fiscal year, the Board of Management, the Board of Trustees are able to endorse the Foundation’s responsibility.

Amendment, Supplement and Dismissal
Article 13

1. Resolution to amend or append this Foundation’s Articles of Association or to dismiss the Foundation is only valid if decided based on a joint meeting between the Board of Trustees and the Board of Management;
This joint meeting must be attended by at least ½ (a half) of a total number member of the Foundation’s Board of Trustees and 2/3 (two-third) of a total number of valid vote.
2. All provisions in Article 11 paragraph 4 and 5, especially in relation to procedure in conducting a meeting, is also applicable to this meeting, after adjusting the provisions as necessary.
3. This joint meeting led by one member of the Board of Trustees who then preparing a Minutes of Meeting on what discussed and decided in the meeting.

Method to Use the Residual Asset
Article 14

If this Foundation is dismissed, then after all debts paid off, the Board of Trustees can submit the Foundation’s residual asset to other party (either in the form of Foundation, organization, or other legal non organization entity) that has the same purpose and objective to this Foundation.

Special Stipulation
Article 15

All matters that are not or insufficiently regulated in this Articles of Association, will be regulated in Bylaw and/or other regulations.

Finally, the attendees explain that for the first time appointed and stipulated the Board of Trustees and the Board of Management as follows:

1. THE BOARD OF TRUSTEES:
Chairman and member : Mr. Soeharto;
Secretary and member : Profesor Doktor Haryono Suyono;
Members : Mr. Soedono Salim;
Mr. Sudwikatmono;

2. THE BOARD OF MANAGEMENT:
Chairman : Mr. Soeharto;
Co-chairman I : Profesor Doktor Haryono Suyono (Mr);
Co-chairman II : Mr. Soedono Salim;
Co-chairman III : Mr. Sudwikatmono;
Secretary : Doktorandus Subiakto Tjakrawerdaja (Mr), private, domiciles in Jakarta, Jalan Widya Chandra III/9, Gatot Subroto, South Jakarta;
Co-secretary : Doktorandus Fuad Bawazir (Mr), private, domiciles in Jakarta, Komplek IIAPCO, Jalan kemang Bangka I, keveling 15, Pejaten Barat, South Jakarta;
Treasurer : Mr. Bambang Trihatmodjo, entrepreneur, domiciles in Jakarta, Jalan Tanjung nomor 23, Central Jakarta;
Co-treasurer : Mr. Anthony Salim, entrepreneur, domiciles in Jakarta, Jalan Gunung Sahari VI/24, Central Jakarta;
Members : Doktoranda Endang Inten Soeweno (Ms), private, domiciles in Jakarta, Jalan Denpasar Raya C-III number 9, Kuningan, South Jakarta;

Insinyur Tungky Ariwibowo (Mr), private, domiciles in Jakarta, Jalan Widya Chandra III number 6, Gatot Subroto, South Jakarta;

Doktorandus Saadilah Mursjid (Mr), private, domiciles in Jakarta, Jalan Widya Chandra IV/24, Gatot Subroto, South Jakarta;

Mr. Prajogo Pangestu, entrepreneur, domiciles in Jakarta, Jalan Widya Chandra V/32 B, Gatot Subroto, South Jakarta.

Mr. Eka Tjipta Widjaja, entrepreneur, domiciles in Jakarta, Jalan Dr. Sam Ratulangi number 18, Central Jakarta;

Mr. Mohammad Hasan, entrepreneur, domiciles in Jakarta, Jalan Sanjaya I/94, Kebayoran Baru, South Jakarta;

Mr. Rachman Halim, entrepreneur, domiciles in Kediri, Jalan semampir II/1;

Mr. Putera Sampurno, entrepreneur, domiciles in Surabaya, Jalan Rungkut Industri Raya number 18;

Mr. Henry Pribadi, entrepreneur, domiciles in Jakarta, Jalan Bukit Golf Utama PA 27, Pondok Indah, South Jakarta;

Usman Admadjaja, entrepreneur, domiciles in Jakarta, Jalan Sumenep number 26, Central Jakarta.

This Deed made based on the above mentioned information.
.
Made as minutes that read and signed in Jakarta, on the day and date as mentioned in the beginning of this deed attended as witness by Mrs. Paramita, Bachelor of Law, Notary Candidate and Mr. Wisnu Wiyoso, Bachelor of Computer, both are employees of the Notary and domicile in Jakarta.

After this Deed has been read by me, the Notary, to the attendees and witnesses, then immediately the attendees, witnesses and I signed this Deed.

Made by one amendment, an addition. This Minutes of Deed has been signed as it is.

Provide as copy of Notary Jakarta,
K. SARMANHADI, SH.MH.

On today, Thursday, date of, 18 January 1996 this deed/articles of association registered in the registration book at the Clerk Court Office of Central Jakarta District Court under number 01/1996.

The Clerk Office of Central Jakarta District Court.

BAHARUDDIN SAMAD, SH.
NIP.040012357

Expenses:

Note Rp. 500,-
Writing Rp. 1.600,
Total amount Rp. 2.100,-

DECREE
THE BOARD OF TRUSTEES
DANA SEJAHTERA MANDIRI FOUNDATION
NUMBER : KEP-01/PDR/YDSM/IV/1996

ON

BYLAW
DANA SEJAHTERA MANDIRI FOUNDATION

THE BOARD OF TRUSTEES’ DANA SEJAHTERA MANDIRI FOUNDATION

Considering : that in relation to stipulation of the Articles of Association of Dana Sejahtera Mandiri Foundation, it considered necessary to immediately stipulate the Foundation’s Bylaw;
Referring to : 1. The President of The Republic of Indonesia’s Decree Number 90 Year 1995 on Income Tax Treatment on Aid Provided to Guide the Pre Prosperous and Prosperous I families.
2. The Finance Minister of The Republic of Indonesia’s Decree: 17/KMK/04/1996 dated 15 January 1996 on Payment and Aid Notice to Guide the Pre Prosperous and Prosperous I families.
3. The Articles of Association of Dana Sejahtera Mandiri Foundation; No.28.
In View of : Letter of Co-chairman I of the Board of Trustees’ Dana Sejahtera Mandiri Foundation to the Chairman of the Board of Trustees’ Dana Sejahtera Mandiri Foundation;

DECIDES
To Stipulate : DECREE OF THE BOARD OF TRUSTEES’ DANA SEJAHTERA MANDIRI FOUNDATION ON BYLAW OF DANA SEJAHTERA MANDIRI FOUNDATION.

BYLAW
DANA SEJAHTERA MANDIRI FOUNDATION

CHAPTER I
INTRODUCTION
Article 1

Bylaw of DANA SEJAHTERA MANDIRI FOUNDATION made based on the Articles of Association that stated in the State Gazette Year 1996 number 9, Supplement to the State Gazette Number 9.

Article 2

Terms and abbreviation used in this Bylaw are as follows:
1. FOUNDATION refers to DANA SEJAHTERA MANDIRI FOUNDATION.
2. AD refers to the Articles of Association.
3. ART refers to the Bylaw.

Article 3

The FOUNDATION based on the following fundamental awareness:
1. That fair and prosperous society based on Pancasila (five state principles) is the objective of the Indonesian nation struggle.
2. That as stipulated in 1945 Constitution, everyone entitles for a better life.
3. That in realizing a fair and prosperous society based on Pancasila becomes the rights, duty and also responsibility of all Indonesians.
4. That poverty alleviation of the less prosperous family or increasing prosperity must be sought together by all levels in the society that have first reached the actual self reliance prosperity.
5. The Foundation was established as a place to gather all potentials in order to assist the Government in its effort to reach National objective in the area of Social Welfare.

Article 4

The Foundation’s objective is to assist the Government in carrying out National Development especially in the area of Social Welfare to reach a fair and prosperous society based on Pancasila in a broad meaning such as:
1. As a place for the society to together reach the level of actual prosperity and self reliance living standard of families that categorized as pre-prosperous and prosperous I families.
2. Managing the aid received from the business or individual tax payers based on the Decree of the President of the Republic of Indonesia Number 90 Year 1995 on Treatment of Income Tax on Aid Given to Guide the Pre Prosperous and Prosperous I Families.

CHAPTER II
ORGANIZATION
Article 5

1. FOUNDATION has been established since 15 January 1996, in Jakarta.
2. FOUNDATION established for the unlimited period of time.

Article 6

The Organizational Structure of FOUNDATION consists of:
1. The Board of Trustees.
They are the founders of the FOUNDATION:
a. Chairman and member: Mr. SOEHARTO.
b. Secretary and member: Professor Doktor HARYONO SUYONO (Mr)
c. Member : Mr. SUDWIKATMONO.
d. Member : Mr.SOEDONO SALIM
2. Guardian
Leaders in the society as determined by the Board of Trustees.
3. Advisor
Leaders in the society as determined by the Board of Trustees.
4. The Board of Management
They are members of the Board of Management that consists of:
a. One Chairman.
b. One Co-chairman I.
c. One Co-chairman II.
d. One Co-chairman III.
e. One Secretary.
f. One Co-secretary.
g. One Treasurer.
h. One Co-Treasurer.
i. Several members.

Article 7

1. Decision of the Board of Trustees is the highest decision.
2. Decision of the Board of Trustees made based on a resolution of Member of the Board of Trustees’ Meeting.
3. Rights and Duty of the Board of Trustees are to establish and appoint and also to dismiss and/or terminate the Boards of Management.

Article 8

Guardian and Advisor of the FOUNDATION entitle to provide an advice to the FOUNDATION’s Management, whether asked or not.

Article 9

1. The Board of Management is responsible to the Board of Trustees.
2. Chairman, Co-chairmen, Secretary, Co-secretary, Treasurer and Co-treasurer are day-to-day executive board that carries on daily management duty of the FOUNDATION.
3. The Board of Management upon the approval of the Board of Trustees, manages as necessary the Bylaw of all matters that are not/insufficiently regulated in the Articles of Association and create other regulations that are not against the Articles of Association and considered good for and needed by the FOUNDATION.

CHAPTER III
MANAGEMENT

Article 10

Requirements to be a member of FOUNDATION’s Management:
1. Indonesian Citizen.
2. Has organizational experience.
3. Able to spare his/her time and able to work as a team.
4. Honest, responsible and loyal to the organization.
5. Has idealism.
6. Has a spirit to serve.
Article 11

Stipulation and appointment of a new member of Management, whether to fill in a vacancy or due to an expansion stipulated and appointed by the Board of Trustees after taking into account the consideration from the relevant parties.

Article12

Obligation, duty and authority of FOUNDATION’s Management described as follows:
1. Authority to represent FOUNDATION
a. Day-to-day Executive Board represents FOUNDATION inside and outside the Court.
b. The Chairman alone, or one of the Co-chairmen either together or alone, but always together with Secretary entitles to represent the Day-to-day Executive Board.
c. If the Chairman is absent, then Co-chairman together with Secretary represent the Day-to-day Executive Board.
d. In the case of fund received/expended then the related documents are required to be signed by the Chairman or co-chairman together with the Treasurer.
e. The Day-to-day Executive Board is required to prepare an annual report that must be endorsed by the Board of Management’s Meeting and reported to the Board of Trustees, after first audited by Public Accountant appointed by the Board of Trustees.

2. Chairman
a. Provides authorization or power to the Co-chairman and/or Secretary to carries out obligation, duty and authority if the Chairman is absent.
b. Coordinates, supervises and evaluates the implementation of FOUNDATION’s work program.
c. Leads Management meetings either routine or non routine.
d. Prepares and signs the main document/correspondence of the organization.
e. Together with the Secretary prepare and sign all meetings, except the one that becomes a duty and obligation of other member of management whose authority to prepare the letter.
f. Together with the Treasurer stipulates the management of organization’s asset.
g. Together with the Treasurer prepare and sign all letters and documents in regard to either the organization’s financing or asset.

3. Co-chairman.
a. Together with the Secretary stipulate the organization’s policy under the Chairman’s leadership.
b. Carries out authority or power given by the Chairman.
c. Responsible for the implementation of all activities that are under its coordination scope.
d. Assists the Chairman in coordinating, supervising and evaluating the implementation of the FOUNDATION’s work program that is in his/her coordination scope.
e. Leads meetings that are in his/her coordination scope.
f. Prepares and signs letter/document especially the one related to his/her duty and coordination scope.
g. Responsible to the Chairman his/her duty, obligation and authority, either in verbal or written.

4. Secretary
a. Together with the Chairman or Co-chairman entitle to represent the Day-to-day Executive Board and therefore represent the FOUNDATION inside and outside the Court.
b. Stipulates the organization’s policy together with the Chairman and/or Co-chairman.
c. Prepares and signs all letters together with the Chairman, except the one that is the duty and obligation of other member of Management whose authority to prepare the letter.
d. Carries out and guarantees the organization’s implementation as stipulated.
e. Leads the Secretariat and administration duty.
f. Prepares and if necessary leads the management meetings and/or gathering.
g. Prepares report on meeting and/or gathering’s resolution.
h. Submits an annual report on the organization’s development.

5. Co-secretary
Carries out the authority or power given by the Secretary.

6. Treasurer
a. Stipulates policy in managing the organization’s asset together with the Chairman.
b. Arranges the organization’s expenditure and revenue budgets.
c. Arranges and manages the organization’s asset in accordance with the stipulated policy.
d. Conducts financial administration and organization’s asset.
e. Conducts fund raising efforts.
f. Monitors financial flows, either inside or outside the organization.
g. Arranges and submits an annual report of responsibility on financial and organization’s asset to the Management.

7. Co-treasurer
Carries out the authority or power given by the Treasurer.

CHAPTER IV
MEETINGS
Article 13

1. In all meetings, the Chairman who leads the meeting, and if the Chairman is absent, then the meeting led by the Co-chairman.
2. Meeting’s call/invitation must be delivered by at least 3 (three) days before the meeting held, in the letter/invitation must be stated day, date, time and venue where the meeting held together with a summary on matters to be discussed in the meeting.
Meeting’s call/invitation is not needed if at least 2/3 of member attends the meeting.
3. The Chairman of meeting is responsible for Minutes of Meeting of all matters discussed and decided in the meeting.
All Minutes of Meetings must be signed by the Meeting’s Chairman and one of attendees that appointed by the meeting.
The signing is not needed if the Minutes of Meeting made by a Notary.

Article 14

Meeting of the Day-to-day Executive Board held at any time as needed upon the Chairman’s call.
1. Meeting attended by the Chairman, Co-chairmen, Secretary, Co-secretary, Treasurer, and Co-treasurer.
2. The meeting is valid if at least attended by the Chairman and/or the Co-chairman and Secretary.

Article 15

Meeting of the Day-to-day Executive Board discusses and makes decision on:
1. Routine organizational executive matter.
2. Resolution of any urgent matters meeting reported to be endorsed in a broader Management Meeting.

Article16

Meeting of the Board of Management held at least once a year upon the invitation of the Chairman or Co-chairman or requested by at least 2/3 (two-third) of member of the Board of Management.
1. Meeting can be attended by a person selected from and among members of the presence Board of Management.
2. Meeting is valid if attended or represented by at least ½ (a half) plus 1 (one) of a total member of the Board of Management.
3. Resolution is valid if approved by ½ (a half) plus 1 (one) of attendee.

Article 17

Meeting of the Board of Trustees held at any time if considered necessary by at least ½ (a half) of a total member of the Board of Trustees.
1. Meeting led by a person selected from and among members of the presence Board of Trustees.
2. Meeting is valid if attended or represented by at least ¾ member of the Board of Trustees.
3. If agreement cannot be reached, resolution taken upon the approval of ½ (a half) plus one.
4. The meeting’s chairman is responsible for a Minutes of Meeting on matters discussed and decided in the related meeting.

CHAPTER V
AMENDMENT OF THE ARTICLES OF ASSOCIATION AND DISMISSAL
Article 18

Decision to amend the Articles of Association or dismiss the FOUNDATION is valid if decided based on a joint meeting’s resolution between the Board of Trustees and the Board of Management.

CHAPTER VI
CLOSING PROVISION
Article 19

For the first time, the Bylaw is stipulated by the resolution of the Board of Trustees’ meeting.

Secretariat of FOUNDATION, Chairman of FOUNDATION,
signed by signed by

Prof. DR. HARYONO SUYONO H.M. SOEHARTO

Member of FOUNDATION, Member of FOUNDATION,

signed by signed by

SUDWIKATMONO SOEDONO SALIM