Statute Statute In accordance with the provisions of Articles 33, paragraph 4 and 34 of the Law on Endowments and Foundations ("Official Gazette of the Republic of Serbia" No. 88/2010, 99/2011 – other law and 44/2018 – other law), during the first meeting held on 14th April 2021 in Belgrade, the Managing Board confirmed: The Statute of the "Petar Mandic" Endowment which was amended and supplemented by the Decision of the Managing Board of the Endowment dated 13th June 2022, 7th June 2023 and 11th november 2024, and the revised text of which reads: Introductory provisions Article 1. The "Petar Mandic" Endowment (hereinafter: the Endowment) is a non-profit, non-governmental organisation, established for an indefinite period of time, for the purpose of charitable achievement of the generally beneficial goals established by the founding act. The Endowment has the status of a legal entity and is liable for the obligations undertaken in legal transactions with all of its assets. The Endowment’s motto, which is also its value system in a condensed form, reads: Knowledge, Righteousness, Selflessness. Name and headquarters Article 2. The name of the Endowment is "Petar Mandić" Endowment. The name of the Endowment in English is the Petar Mandic Endowment. Article 3. The headquarters of the Endowment is in Belgrade. Form and content of seals and symbol Article 4. The Endowment has a round seal on which is written: in the upper part in the circle of the seal in the Serbian language, in Cyrillic script, "Petar Mandić" Endowment, in the lower part in the circle of the seal, the mark of its seat Belgrade, and in the central part of the seal a symbol consisting of two stylised and joined letters of the Greek alphabet π [Pi] i μ [Mu]. Article 5. The Endowment has a symbol (logo): Goals and activity Article 6. The Endowment is of a non-profit nature and has charitable goals of a spiritual, cultural, scientific, economic, national and general social nature. The operational goal of the Endowment is the construction of an ethno-museum complex in the village of Radoinja (Raska region, Serbia). The complex will be built for the glory of God, and in honour of the priestly ancestors of Nikola Tesla. In addition to the Holy Cross, the holiest sign of Christianity, the complex will have elements related to the life and work of Nikola Tesla's ancestors on his father's line (Tesla and Kalinic families) and his mother's line (Mandic and Budisavljevic families). The entire complex would have a wider spiritual, national and cultural significance. It would also have a secondary contribution by enriching the Zlatar region and giving an impetus to the economic development of Nova Varoš municipality through visits from both domestic and foreign visitors. For the sake of promoting the culture of historical memory, the Endowment will popularise the character and work of Nikola Tesla’s ancestors who played a significant role in their time. Special emphasis is placed on the promotion of the character and work of the priest Milutin Tesla - the father of Nikola Tesla - and the entire priestly lineage of Mandic and Budisavljevic families, from whom Georgina (née Mandic) Tesla - the mother of Nikola Tesla - descends. Following the example of Tesla's uncle, the priest Petar (later Metropolitan Nikolaj of Dabar-Bosnia) Mandic, who gave his nephew Nikola Tesla a scholarship for his studies at the time when his father passed away, the "Petar Mandic" Endowment, in the field of promoting science, aims to help technical science and other science students, in the form of scholarships that would be provided from funds collected from personal income, gifts and contributions in accordance with the law. Students without one parent and with good average grades in secondary school, that is studies, would have priority for the scholarship. The obligation of pupils and students who receive a scholarship would be exclusively on a moral level and would be concentrated on the conscientious effort in achieving the best possible results during their studies and a moral obligation that at some point in their lives, after they finish their studies and start working, they themselves, in accordance with their capabilities, will help another good pupil and student. Following the example of Tesla's uncle, the priest Petar (later Metropolitan Nikolaj of Dabar-Bosnia) Mandic, who introduced his nephew Nikola Tesla Descartes' mathematical method and writings that would later be the basis of his inventive approach, the "Petar Mandic" Endowment will work to promote quality dialogue between Christianity and science, while also indirectly addressing topics concerning the fundamental relationship between religion and science. In this domain, the Endowment will make a special effort to raise social awareness regarding the need for a balanced education, which, in addition to stimulating the intellectual abilities of young people and a critical way of thinking, would include the formation of the moral character of the young generation. Following the example of Nikola Tesla and his ancestors, the Endowment will work to affirm the qualities of charity, diligence, righteousness, altruism and social responsibility among young generations in Serbia and the world. Cherishing the memory of Nikola Tesla's parents and highlighting their contribution to the formation of the character of the most ingenious Serbian inventor, the "Petar Mandic" Endowment, in cooperation with relevant professional institutions and individuals in Serbia and the world, will work on the affirmation of various types of parenting schools, in which young married couples will to be able to get acquainted with important findings from the field of social psychology to the field of the development of emotional intelligence in children, all in alignment with Christian family traditions. The Endowment will make a special effort to ensure that the Serbian people, from which Nikola Tesla originated, are presented in the best and most positive way possible in the world. In this regard, special cooperation will be achieved with domestic and international organisations whose work is connected with the character and work of Nikola Tesla. Following the work of the priest Milutin Tesla and Metropolitan Nikolaj (Petar) Mandic, the "Petar Mandic" Endowment will contribute to the development of good neighbourly relations between Orthodox Serbs and members of other religious communities in the Balkans, and to the cultivation of a culture of mutual respect and assistance. The "Petar Mandic" Endowment will carry out its activities and prescribed objectives entirely in accordance with the spirit and values of Orthodox Christianity, the spiritual heritage of Tesla's ancestors. The Endowment’s entities Article 7. The Endowment’s entities are the Managing Board and the Manager. The Managing Board Article 8. The Managing Board manages the Endowment. The Managing Board has eleven members. Article 9. Jurisdictions of the Managing Board: Appoints and dismisses the duties of the Manager; It presents the Statute and others general acts of the Endowment and theirs changes; It presents the financial plan and final accounts; It decides on the method of the use of the Endowment’s property; It works on the public presentation of its work; It brings rules of procedure about its own work; It decides on the addition of physical and/or legal persons to the Endowment, in their capacity as co-founders; It decides on the change of name, seat and symbol; It also performs others jobs in accordance with the law, the founding act and the Statute. Article 10. The Chairperson of the Managing Board convenes, determines the daily agenda and presides over the meetings of the Board. In case of the absence of the Chairperson, the Vice Chairperson or a member of the Managing Board appointed by the Board convenes the meetings of the Managing Board and exercises other powers of the Chairperson of the Managing Board. The Managing Board makes valid decisions by a majority of votes from the total number of members of the Managing Board, except in cases where the Statute provides for a qualified majority. Manager Article 11. The Endowment’s Manager: Represents the Endowment and is responsible for the legality of its work; Manages the affairs of the Endowment in accordance with the decisions of the Managing Board; Submits to the Managing Board a proposal for a financial plan and final accounts; Performs other tasks in accordance with the law and Statute. The method of appointing and recalling entities and the duration of the mandate Article 12. The Founder appoints and revokes the Chairperson and members of the Managing Board. Article 13. The mandate of the members of the Managing Board lasts 4 (four) years. Article 14. The Founder appoints and dismisses the Endowment’s Manager. The Manager’s mandate lasts 4 (four) years. Article 15. Membership in the Managing Board ceases: At the expiration of the mandate; By revocation; By resignation; By loss of working capacities and Death. Article 16. A member of the Managing Board and a Manager may resign at any time by giving written notice to the Managing Board or the Founder. The resignation takes effect from the date indicated in it, but in any case, within a period not shorter than 10 (ten) days from the moment of its receipt by the Managing Board or the Founder. Article 17. In the event of termination of the position of a member of the Managing Board or Manager: resignation, death, loss of working capacity and dismissal, i.e., revocation before the end of the mandate, that position will be filled in the manner provided for the appointment of a person whose membership or duty has ceased for the aforementioned reasons. The mandate of such an appointed person lasts until the end of the mandate of the person in his place. Expert Council Article 17a. The Endowment’s Expert Council has an advisory role. The members of the Expert Council, as necessary, provide consultations in their professional field to the Managing Board or the Manager. The Expert Council of the Endowment has 12 members, who are elected by the Managing Board from among reputable and recognised experts for a period of four years. The Managing Board decides on the election and dismissal of members of the Expert Council by a two-thirds majority of the total number of members of the Managing Board. Membership in the Expert Council ends: At the expiration of the mandate; By revocation; By resignation; By loss of working capacities and Death. Property and manner acquisition of the Endowment’s property Article 18. The property of the Endowment consists of primary and other assets. Article 19. The basic property of the Endowment is the land of Vidomir Subotic on plot 1890 of the cadastral municipality of Radoinja (municipality of Nova Varos), which is a class 4 meadow type, with an area of 0.45.82 ha, on a plot called "Ljuti breg", registered in the real estate register number 593 KO Radoinja, estimated at a value of 32,532.20 euros, i.e., 3,825,461.30 dinars, by a court expert, which will be transferred to the Endowment by a gift contract, upon its foundation. The basic assets of the Endowment may not be reduced below the minimum value of the basic assets, determined by law. Article 20. The Endowment may acquire property from voluntary contributions, gifts, donations, financial subsidy, legacy donations, rent, copyright rights, dividends and others income achieved in a manner permitted by the by law. Article 21. The Endowment also earns income through the direct performance of economic activity, namely 58. 11 - Publishing books. The Endowment will perform economic activity as a secondary activity and exclusively in connection with the goals for which it was established. Method of using the Endowment’s funds and the circle of beneficiaries Article 22. The assets of the Endowment are used exclusively for the achievement of the goals established by the Act of Incorporation and the Statute. The assets of the Endowment cannot be distributed to the Founders, members of the Managing Board, employees or persons related to them. The provision of Paragraph 2 of this article does not refer to the awarding of appropriate rewards and compensation of justified expenses incurred in connection with the achievement of the Endowment's goals (travel expenses, daily allowances, etc.), contractual obligations and payment of wages to employees. Public work Article 23. The work of the Endowment is public. Publicity of the work of the Endowment is ensured by the publication of an annual report on the work via the Internet, publication, press releases or in any another convenient way. The Managing Board undertakes the publicity of the work of the Endowment. How to join as a Co-Founder Article 24. The Endowment can be joined by a natural or legal person, in the capacity of a Co-Founder, with an agreement on accession concluded between the Founder and the person joining it. Signatures on the accession agreement must be certified in accordance with the law. Article 25. The contract of accession is submitted to the authority responsible for registration and keeping the Register, for the purpose of entering data about the person who joined as a Co-Founder in the Register. The way of deciding on status changes, changes of legal form and termination of work Article 26. The decision on status changes, change of legal form and the termination of the Endowment is made by the Founder. In case of the death of the Founder, the decision on status changes, change of legal form and termination of the Endowment's work is made unanimously by the Managing Board. The method of distributing property in the case of the cessation of work Article 27. In case of the cessation work of the Endowment, the Founder makes the decision on distribution of property. Article 28. The remaining assets of the Endowment can be allocated only to another endowment established for the purpose of achieving a general purpose, a foundation or an association, established for the purpose of achieving the same or similar general purpose. The remaining property can be assigned to one person or distributed to several persons from Paragraph 1 of this article. Article 29. In the event that the person referred to in Article 27 does not make a decision on the distribution of the remaining assets within 30 (thirty) days at the latest from the decision on the termination of the Endowment, the decision on the distribution of assets is made by the competent body of the local self-government unit on whose territory the headquarters of the Endowment is located. Procedures for the changes to the Statute and others general acts Article 30. The Managing Board makes changes to the Statute. Article 31. An initiative to amend the Statute with a proposed amendment can be given by 1/3 of the members of the Managing Board. The proposal is submitted to the Chairperson of the Managing Board. The Chairperson of the Managing Board is obliged to convene the meeting of the Managing Board with an agenda for consideration and decision on the proposal, no later than 8 (eight) days from the submission of the proposal. In the event that the Chairperson of the Managing Board does not convene a meeting within the specified period, the initiators of the proposal are authorised to convene a meeting within the next 5 (five) days with a proposal to amend the Statute, where their initiative will be considered. The session convened in this way is presided over by the person who submitted the proposal, that is, one of those persons chosen by them. Article 32. Amendments to the Statute are made by a two-thirds majority of the members of the Managing Board. Article 33. Other general acts of the Endowment are passed and their changes are made by the Managing Board. The Manager and any member of the Board can initiate the adoption and amendment of the general acts of the Endowment, except for the Statute. The initiative for the adoption of an act with an explanation, that is, the initiative for amending the act with a proposed amendment, is submitted to the Chairperson of the Managing Board. The Chairperson of the Managing Board is obliged to convene the Managing Board with an agenda for consideration and decision on the initiative, no later than 8 (eight) days from the submission of the initiative. In the event that the Chairperson of the Managing Board does not convene a meeting within the set deadline, the initiators of the initiative are authorised to convene a meeting in the next 5 (five) days where their proposal; will be considered. The session convened in this way is presided over by the person who submitted the initiative, that is, one of those persons chosen by them. Final provisions Article 34. On all questions which are not regulated by statute, the provisions of the Law on Endowments and Foundations will apply. Article 35. This Statute enters into force on the eighth day from the day of its publication on the notice Board of the Endowment, and is applied after the entry of the Endowment in the competent register. FOR THE MANAGING BOARD ___________________________________ Chairperson of the Managing Board