DEED FOR PUBLIC CHARITABLE TRUST

This Indenture is made this 6th day of March 2007, between Mr. Earnest Gardia, son of Late Mr. Benjamin Gardia , by faith Christian, by occupation Teacher, residing at Village Memra Via Sankara (Jonk) Distt Mahasamund Chhattisgarh 492112 hereinafter called the Settlor (which expression shall unless excluded by or repugnant to the subject or context be deemed to include his heirs, executors, administrators, assigns, and representatives) of the one part and (1) Mr. Uttam Yadaw (2) Mr. Phagulal Patel , and (3) Mr. Satya Prakash Sav all also of Indian Inhabitants, hereinafter jointly called the Trustees (which expression shall unless excluded by or repugnant to the subject and context be deemed to include the trustees for the time being of these presents and/or Survivor or Survivors of any of them and their Successor or Successors in Office) of the other part:

Whereas,
1. The Settlor is desirous of creating an endowment by setting apart and establishing a Fund for the Public Religious and Charitable objects and purposes in India hereinafter expressed.
2. The Trustees have at the request of Settlor agreed to act as Trustees of these presents upon the terms and provisions hereinafter contained.

Now This Indenture Witnesseth as follows:
1. In order to effectuate the said object of creating and establishing a Public Charitable Trust, the Settlor has delivered to and made over to the Trustees a sum of Rs. 100 crores (Rupees hundred crores) only, with intent to part with all his right, title and interest claim therein and vest the same in the Trustees to have and to hold the same and the investment or investments for the time being representing the same and all other properties that may for the time being represent the trust estate together with all additions and accretions thereto and all accumulated income thereof and all other property or properties that may be acquired out of the same or otherwise may hereafter be subject to the trust (hereinafter referred to as the Trust Fund) for the charitable objects and purposes and uses hereinafter expressed with the powers and on the terms and conditions herein contained of and concerning the same.
2. The name of the Trust shall be Sterling Charitable Trust and the office of the trust shall be situated at No. 138/6, Dalal Street, Bangalore which may be shifted from time to time to such other place or places as the trustees may deem fit and proper at their discretion.
3. The objects of the Trust shall be:
· To establish, promote, set-up, run, maintain, assist, finance support and/or aid to or help in the setting up and/or maintaining and/or running schools and other institutions, orphanages, widow homes, lunatic asylums, poor houses or other establishments for relief and/or help to the poor, old and infirm people and/or destitute.
· To give, provide and/or render help and assistance to and/or implement any scheme for providing livelihood and upliftment of the poor.
· To give, provide and/or render help and assistance in cash or kind to poor and/or destitute people windows, etc.
· To give, provide and/or render food, medicine and other help and/or assistance in any shape or form to the poor, deserving and needy persons.
· To give, provide and/or render monetary and/or other help and assistance for the relief of persons and animals affected by natural calamities.
· To establish, maintain or grant aid for the establishment or maintenance of wells, tube-wells, tanks, water-reservoirs and trees and constructions of and repairs to paths, roads, bridges, etc. for the use of the public.
· To open, find, establish, promote, set-up, run, maintain, assist, finance, support and/or aid or help in the setting up and/or maintaining and/or running schools, colleges, lecture halls and other establishments or institutions for advancement of education and of knowledge.
· To meet traveling, boarding and lodging expenses for students going abroad for higher commercial and technical education.
· To open, find, establish, promote, set up, run, maintain, assist, finance, support and/or aid or help in the setting up and/or maintaining and/or running hospitals, charitable dispensaries, maternity homes, child welfare centres, convalescent homes, sanatoriums, hostels and other similar institutions or centres for rendering or providing medical relief and/or aid to the suffering humanities.
4. If any one or more of the objects specified in clause (3) of these presents are held not to be objects of a public charitable nature, the Trustees shall not carry out such object or objects without hindering the validity of trust as a public charitable trust.
5. The financial year of the trust shall end on 31st March, every year provided that the board of trustees shall be at liberty to change the same from time to time if they so deem it fit and proper. The first financial year of the trust shall close on 31st March, 2007.
6. The Trustees shall from time to time after meeting the expenses of and incidental to the management of the Trust Properties and of the trust decide the particular object or objects for which the income or corpus of the trust fund or properties for the time being available shall be applied.
7. The Trustees may accept any donation or contribution in cash or in kind from any person, firm, company, corporation, associations, institution or trust (including the Settlor or the trustees or any of them) for the furtherance of the objects of the trust or for any one or more of them upon such terms and conditions as they may in their absolute discretion think fit and which are not inconsistent with the objects of the trust. The trustees may also take over the management of any other charitable or public institutions on such terms as they think fit and may manage such institutions.
8. Without affecting the generality of powers and functions of the Trustees to manage and administer the trust, the board of trustees shall have the following functions:
To borrow if needed against the security of the assets of the trust by way of bank overdrafts, loan or otherwise, as may be necessary, for the benefit of the trust and for effectively carrying out the objects of the trust provided however, the trustees unanimously agree on such borrowing and limited to the terms of their decision or agreement and to authorize two or more of the trustees to execute such documents, deeds, papers, etc. as may be necessary in connection therewith.
To arrange for and/or authorize the signing or execution of any agreement, contract, instrument, document or any other paper or writing required to be signed or executed on behalf of the trustees to be nominated in this behalf by the board of trustees and to make the same effective and binding as if the said agreement, contract, instrument or document or paper or writing were signed by all the trustees.
To appoint or make provisions for the appointment of a sub committee of trustees to attend or to supervise or conduct specified jobs or functions or trust matters in such manner and subject to such rules and regulations as the board of trustees may from time to time think fit and proper.
To spend any portion of the corpus or the income of the trust fund for purchasing any land and or constructing any building or buildings for and in the name of the trust for the purpose of carrying out, promoting and/or executing any or all of the objects of the trust.
9. The Trustees shall cause true and accurate accounts to be kept of all moneys received and spent as well as of the assets, credits and effects of the trust properties.
10. The Trustees may invest the trust estate either in the purchase of immovable properties or of mortgage immovable properties, or in such manner as allowed by law as may in force from time to time and to convert, alter, vary and to dispose of or transfer such investments form time to time provided that such investments shall not be made which are directly or indirectly for the benefit of any person referred to in sub-section (3) of the Section 13 of the Income Tax Act , 1961, or any subsequent amendments as may be made from time to time.
11. The unexpended income subject t the applicable provisions of the Income Tax Act, 1961, shall be carried over to the next year or years for the advancement of any of the objects of the trust.
12. The Trustees shall be at liberty to sell such portion or portions of the movable or immovable properties forming part of the trust estate as they may in their absolute discretion think fit and to rescind or vary any contract for the sale thereof and to resell the same without being answerable for any loss occasioned thereby and to execute all conveyances or other assurances and to pass valid or effectual receipts and discharges for all moneys received by them.
13. The Trustees shall keep an account or accounts with any bank or banks, to operate, to give all appropriate instructions and to authorize by appropriate resolution two or more of the trustees jointly with an agent appointed by the Board of Trustees in this behalf to operate such account or accounts.
14. The Trustees may pay all charges and outgoings payable in respect of any immovable property for the time being forming part of the Trust Fund and may carry out repairs and keep the same insured and may incur all charges incidental to the administration and management of the trust estate and the properties for the time being belonging to the trust as they may in their absolute discretion think fit.
15. The Trustees may manage or supervise the management of any lands, hereditaments, and premises for the time being comprised in the Trust Estate or any part thereof with power to erect, pull down, re-build, add to, alter and repair houses and other buildings and to build drains and make roads and fences and otherwise to improve and develop and to cultivate or cause to be cultivated all or any of the said lands, hereditaments and premises and to insure houses and buildings against loss or damage by fire and/or other risks or to let, lease, make allowances to and arrangements with tenants, agriculturists and generally to deal with the said lands, hereditaments and premises as they may deem fit in their absolute discretion.
16. The Trustees may appoint Secretaries, Managers, Lawyers, Solicitors, Auditors, Architects, Engineers, Surveyors, Gomastas or other employees for the purpose of management and supervision of the Trust Estate, for collection of rents, effects and profits, for keeping the accounts and records and for other purpose of the trust.
17. The Trustees may establish their office at such place or places and may change such places from time to time as they may think fit.
18. The Trustees may demise the immovable property or properties for the time being and from time to time belonging to the trust from year to year or for any fixed term or for any term of years or on monthly tenancies at such rent and subject to such covenants and conditions as they may think proper and also accept surrenders of lease and tenancies and generally manage the same in such manner as they think proper.
19. The Trustees shall have full power to compromise or compound all actions, suits, and other proceedings and settle differences and disputes touching the Trust Estate and / or the Trust Properties and to refer any such differences or disputes to arbitration and to adjust and settle all accounts relating to the Trust Estate and/or the Trust Properties and to do all other acts and things fully and effectually without being liable or answerable for any bonafide loss occasioned thereby.
20. The Trustees may join, co-operate and amalgamate the trusts created by these presents or any portion thereof with any trust or institution having allied and or similar objects upon such terms as they may in their absolute discretion think fit.
21. The Trustees may from time to time frame schemes and rules and regulations to carry out the objects of the trust and for managing the affairs of the trust and otherwise for giving effect to the objects and purposes of the trust and to vary the same from time to time as the trustees may in their discretion deem fit and proper.
22. The receipts granted by the Trustees or any one or more of them for any moneys, stocks, funds, shares, securities or investments paid, delivered or transferred to them in exercise of the trust or powers hereof shall effectually release and discharge the person or persons paying, delivering or transferring the same therefrom and from seeing or from being bound to see the application thereof or being answerable for the loss or misapplication thereof.
23. The Trustees shall be entitled at their discretion from time to time to start, discontinue, abolish and restart any charity or charitable institution, to impose any condition or conditions to any subscription or donation made by them and to earmark any portion of the Trust Property or income for any particular object or objects.
24. The Trustees may reimburse themselves and pay and discharge out of the Trust Fund all expenses incurred by them in or about the execution of the trust or any of their duties under these presents including traveling expenses, but will not be entitled to any remuneration.
25. All the Trustees unless they voluntarily resign or otherwise decide, shall continue to be the trustees during the term of their natural lives.
26. The number of trustees shall be not less than two and not more than nine.
27. Any trustee may retire at any time without assigning any reason and without being responsible for any costs occasioned by such retirement.
28. The surviving or continuing Trustees may notwithstanding any vacancy in their board act as trustees Provided However that if the number of Trustees shall fall below two the minimum fixed by these presents, the trustees shall not, except for the purpose of filling any vacancy, act so long as the number is below the said minimum.
29. Two Trustees at a meeting shall form a quorum for any meeting of the Trustees.
30. The Trustees for the time being shall elect from amongst them one Chairman and he shall hold office for two years, unless he resigns or refuses to act as Chairman or otherwise ceases to be trustee.
31. All proceedings and questions and matters arising at the meeting of the Trustees shall be decided by a majority of votes and in case of equality of votes the Chairman shall have a second or casting vote Provided However that notwithstanding anything herein stated no question dealing with the disposal of the corpus of any of the trust properties and/or investment out of the trust corpus shall be decided except with the consent of the Chairman of the trust.
32. In case of difference of opinion between the Trustees the opinion of the majority shall prevail and if the Trustees are equally divided in any matter, the Chairman shall have a casting vote.
33. A resolution in writing circulated amongst all the Trustees and signed by a majority of the Trustees present in India shall be as valid and effectual as if it had been passed at a meeting of the Trustees duly convened and held.
34. Notice of the meeting of the Trustees and all communications may be sent to the Trustees s at their addresses registered for the time being in the records of the trust.
35. All meetings of the trust shall be held at such place and at such time as the Chairman of the trust shall decide from time to time.
36. A trustee who is unable to be present at a meeting of the Trustees may send his views on the agenda in writing and such expression of opinion shall be taken to be his vote on the matter concerned.
37. The minutes of the proceedings of every meeting of the Trustees shall be entered in a book to be kept for that purposes and signed by the Chairman of such meeting or of the following meeting when they are read over and shall when so entered and signed be conclusive evidence of the business and other matters transacted at such meeting.
38. No person being:-
a. An undischarged insolvent; or
b. Convicted of an offence involving moral turpitude; or
c. Of unsound mind; or
d. A minor;
Shall be eligible to be a trustee.
39. The power to appoint new or additional Trustees, but so as not to exceed the maximum number and to fill vacancies in the office of the trustees, shall vest in the continuing trustee or trustees.
40. A person shall cease to be a trustee in any of the following events:
a. If he dies; or
b. If he becomes bankrupt; or
c. If he becomes insane or otherwise become incapable to act; or
d. If he resigns his office.
41. On a new or additional trustee being appointed and on his signifying his acceptance in writing to the effect of his accepting the appointment, the Trust Property shall automatically vest in him along with the other Trustees for the time being and he will be entitled to carry out all the duties and functions of a trustee without any other deed or writing.
42. The Board of Trustees shall be entitled to sue in the name of the trust and may similarly be sued in the name of the trust.
43. The Board of the Trustees may, by a unanimous vote of all the Trustees for the time being except the trustee proposed to be removed, remove any trustee, permanent or otherwise, from office after finding the trustee proposed to be removed guilty of serious misconduct in relation to or concerning the trust estate or trust affairs and after arriving at a definite conclusion that for the reasons to be recorded in writing the continuance of the trustee proposed to be removed as trustee or these presents was desirable keeping to the objects of the trust in view and other related or connected matters provided however that no conclusion of such guilt shall be arrived at without giving to the trustee proposed to be removed a full and fair opportunity of explaining his conduct and/or the charges leveled against him for his removal. And the decision of the Board of Trustees in this behalf shall be final and binding and shall not be called in question anywhere.
In Witness Whereof the Settlor and the Trustees have executed these presents on the day, month and year above mentioned.

(Earnest Gardia)
Signed and delivered by the Settlor
At Raipur in the presence of:
Mr. Upendra Bagh
Mr. Padamlochan Patel
Mr. Savroop Matari

(Earnest Gardia)
(Uttam Yadaw )
(Phagulal Patel)
(Satya Prakash Sav )

Signed and delivered by the Trustees
At Raipur in the presence of:
Mr. Upendra Bagh
Mr. Padamlochan Patel
Mr. Savroop Matari