Foundation Deed

In this official deed, only the Foundation will be called.

The Center Of The Foundation

Article 2-The headquarters of the foundation is located in Tuzla District of Istanbul Province, its address is: Organized Industrial Zone 2nd Industry Street No: 10, Tuzla/ISTANBUL.

The Purpose Of The Foundation

Article 3- To contribute to the upbringing of children, young people and adults of all ages, primarily orphans, who are in the educational period, as rational, independently thinking, modern, investigative individuals, to ensure that they receive a good education and have a profession, to provide the necessary financial opportunities for them to continue their education and training by supporting people who cannot get education due to financial difficulties.

Activities Of The Foundation

Article 4- The Foundation carries out the following activities in order to achieve its purpose mentioned above:

To identify and implement training programs for professional and personal development,
To establish and operate educational institutions that will provide services in the fields of Secondary education and Higher Education (associate degree, undergraduate degree, postgraduate degree), to participate in the established ones or to provide financial support,
The Foundation provides financial support by providing educational scholarships to talented but financially disabled young people in order to ensure that young people of all ages, primarily orphans of educational age, can study,
To organize vocational courses alone or jointly with other foundations, institutions and/or organizations
To support the needs of educational and training institutions at all levels as teachers, materials, and structures,
To contribute to the education of young people of all ages as rational, independent thinking, modern, investigative individuals,
To assist in the provision of tools and equipment such as books, course materials at universities and schools, to contribute to the expansion of the service, level, and capacity of educational institutions.
To carry out all kinds of activities that will contribute to education in universities and schools, to organize panels, seminars, and interviews in this context, to publish publications and to carry out one or more of these activities in line with the development of the financial possibilities of the foundation.
To perform other works specified in the purpose of the Foundation, all kinds of activities may be carried out.

The Works And Transactions That The Foundation Can Do To Realize Its Purpose

Article 5- In order to achieve the purpose of the foundation, except for legal restrictions, the amount and value of unlimited movable and immovable property should be owned and used by donation, bequest, purchase and lease, sell, transfer and transfer what they have in accordance with the legal provisions of the foundations, receive and spend their income, invest one or more immovable property or income from the foundation in one or many times, provided that the donation and bequest are not contrary to the objectives and service issues of the foundation, to manage and save movable and immovable property and money acquired by purchase and other means, to buy securities and to evaluate and sell them for the purposes of the foundation, to cooperate with foundations, natural and legal persons abroad, to receive assistance from public institutions and organizations, to conclude agreements to provide this assistance, to accept in kind rights other than property, such as easement, usufruct, tranquility, parent, pledge, mortgage, to use these rights, when obtaining domestic and legal permission, which are similar to the purposes of the foundation, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions and organizations, to provide assistance to the public institutions and organizations, to, to receive all kinds of guarantees, including pledges and mortgages of movable and immovable property, to accept valid bank guarantees, to borrow when necessary to realize the objectives and service issues of the foundation, to give sureties, pledges, mortgages and other guarantees, to receive income from projects and all kinds of works carried out and carried out in accordance with the objectives and service issues of the foundation, and to work according to ordinary business principles in order to provide income to the foundation economic enterprises, to establish partnerships, to participate in the established ones, to operate them directly to the enterprise or to an operator under its control, to make enterprise, savings, acquisition of property, construction and similar contracts deemed useful and necessary for the realization of one or all of the objectives and service issues of the foundation, as stated in the article 48 of the Turkish Civil Code, is authorized. In this capacity, all kinds of contracts and savings can be made that will accrue the purpose of the Foundation.

The Foundation may not use these powers and revenues for purposes prohibited by the Turkish Civil Code.

Foundation Assets Of The Foundation

Article 6- The foundation assets of the foundation HASAN FAYDASIÇOK EDUCATION FOUNDATION of the foundation deed. It is 100.000,00 TL, which is the sum of the amounts donated by the founders mentioned in the article 20.

The assets of the organization may be increased by additions to the assets following the establishment of the foundation.

The Organs Of The Foundation

Article 7- The organs of the Foundation are shown below.

a) Board of Trustees
b) The Board of Directors
c) Supervisory Board

Board Of Trustees

Article 8- The board of trustees of the foundation is 9 (nine) persons whose names are written in the attached list.
If the membership of the board of trustees becomes vacant due to death, resignation or any other reason, an election is held for the vacant memberships upon the proposal of the board of directors or the members of the board of trustees and the decision of the board of trustees.

Duties And Powers Of The Board Of Trustees

Article 9-The Board of trustees is the highest decision-making body of the foundation. The powers of the board of trustees are shown below:

a) To elect the board of directors,
b) To elect the supervisory board,
c) To discuss and examine the activity report prepared by the board of directors of the foundation and the reports of the supervisory board, to decide on the release of the board of directors,
d) To accept the internal legislation bills of the foundation to be prepared by the board of directors in kind or by amending them,
e) To accept the annual budget drafts to be prepared by the Board of directors in kind or by amending them,
f) To determine whether the right of presence shall be granted to the members of the board of directors and supervisory board other than public servants and, if so, the amount to be granted,
g) To make additions and amendments to the foundation deed, if necessary,
h) To determine the general policies regarding the activities of the foundation.
The board of trustees of the foundation may dismiss all or part of the board of directors at any time without waiting for the dismissal decision of the court, if there are grounds for dismissal in accordance with the provisions of the Charter for Foundations Established in Accordance with the Provisions of the Turkish Civil Code.

Meeting Time And Decision Quorum Of The Board Of Trustees

Article 10- The first meeting of the board of trustees is held within one month after the registration of the foundation.

a) In February to discuss the issues of approval of the balance sheet and working reports,

b) It meets in November to discuss issues related to the approval of budget and work reports and the holding of elections.

The board of trustees may also convene on an extraordinary basis upon the need deemed by the board of directors or if at least one third of the members of the board of trustees make a request from the board of directors in writing. At ordinary and extraordinary meetings, issues that are not included in the announced agenda cannot be discussed. However, immediately after the formation of the court at the regular meeting, with the written proposal of at least one tenth of those present, it is possible to add an item to the agenda, except for the amendment of the promissory note and the issues that will impose obligations and responsibilities on the foundation with the foundation bodies. The date, place, time, and agenda of the meeting shall be notified at least 7 (seven) days before the meeting day in return for signature or by registered letter to reach the members.

The board of trustees meets with more than half of the total number of members. If a majority cannot be obtained, the meeting will be held at the same place on the same day and time a week later. At this second meeting, the quorum of the meeting cannot be less than one-third (1/3) of the total number of members.

If the decision quorum of the board of trustees is one, it is more than half of the participants in the meeting. If the votes are equal, the vote of the chairman of the court shall be counted as two votes. The manner in which the vote will be held shall also be decided. Each member has the right to one vote. The member who cannot come to the meeting may appoint another member from the board of trustees as a proxy. More than one power of attorney cannot be collected in one person.

The quorum for making decisions for amendments, corrections or additions to the foundation deed is two thirds of the total number of members.

Board Of Directors

Article 11- The board of directors of the foundation consists of 5 (five) noble and 3 (three) substitute members to be elected by the board of trustees for a two-year term. It is mandatory that the majority of the members of the board of directors are members of the board of trustees.

It is possible to elect people from outside the foundation provided that they do not form a majority. At the first meeting of the board of directors, the chairman, vice-chairman, and accounting member are elected, and the assignment of duties is made. In place of the member whose membership of the board of directors expires for any reason before the end of his/her term of office, one of the substitute members is called to duty in accordance with the order. The board of directors meets at least once a month. A member of the board of directors who does not attend 3 (three) consecutive meetings without a valid excuse shall be deemed to have been dismissed from this position.

The quorum for the meeting is 3 (three) and the decisions are taken with the majority of the present. If the votes are equal, the president’s vote is counted as two votes. The decisions taken are written and signed in a notarized decision book.

Duties, Powers, And Responsibilities Of The Board Of Directors

Article 12- The board of directors is the administrative and executive body of the foundation.

In this capacity, the board of directors:

a) The Foundation takes and implements all kinds of decisions in line with its purpose.

b) Ensures that the activities of the foundation are carried out regularly and efficiently in the light of the general policies determined by the Board of trustees. In this context, it determines the organizational structure, prepares the necessary draft internal legislation, and submits it to the approval of the board of trustees.

c) The Foundation shall carry out the necessary studies regarding the evaluation of its assets and the acquisition of new financial resources.

d) On behalf of the legal entity of the Foundation, it makes the necessary initiatives and transactions with all natural and legal persons on legal, financial, and other issues.

e) Appoints a director to the foundation, establishes a general secretariat of the foundation or similar auxiliary units, terminates their duties, when necessary, provided that their duties, powers, and responsibilities are clearly determined in advance.

f) Determines the personnel to be employed in the foundation, makes the appointment, assigns their wages, terminates their work when necessary.

g) Decides on the opening and closing of branches and representative offices at home and abroad within the framework of the provisions of the relevant legislation, performs the necessary operations in this regard.

h) Monitors and controls the accounting affairs of the Foundation, arranges the income-expense chart and balance sheets at the end of the accounting period and ensures that they are sent to the relevant administration and announced.

i) Implements the annual budget adopted by the board of trustees.

j) Performs the preparatory procedures related to the meetings of the board of trustees.

k) At the meetings of the board of trustees, the foundation submits the annual report for the period.

I) Performs the relevant legislation and the foundation deed and other duties required by the internal legislation of the foundation.

Representation Of The Foundation

Article 13- The board of directors represents the Foundation. The board of directors may transfer this representation authority to the chairman and vice-chairman of the board of directors.

The board of directors may also authorize one or more of its members, any or more of its authorized officers and officers, representatives, or representative offices, to conclude any contract, to arrange and transfer contracts, legal documents or bills to the name and account of the foundation in general or certain circumstances and matters within the principles it will specify.

Supervisory Board

Article 14- The supervisory board is a body established to audit the activities and accounts of the foundation on behalf of the board of trustees. The supervisory board consists of 3 (three) persons to be elected by the board of trustees for two years from within or from outside, not forming a majority. In addition, 2 (two) substitute members are elected. A substitute member is called to duty instead of the original member who leaves for any reason.

The supervisory board conducts its examinations on all books, records, and documents. The report to be prepared as of the accounting period is submitted to the board of directors to be sent to the board of trustees at least 15 (fifteen) days before the meeting of the board of trustees.

The Right To Peace Of Mind

Article 15- The board of trustees determines whether the members of the board of directors and auditors other than public servants will be given the right to presence or remuneration, and if so, the amount of it.

The Income Of The Foundation

Article 16- The income of the Foundation is shown below.

a) Assistance with all kinds of conditional, unconditional donations in accordance with the purpose of the Foundation.

b) Various income to be obtained from the activities of the Foundation.

c) Income to be provided from economic enterprises, subsidiaries, and partnerships.

d) Income to be provided by the evaluation of the Foundation’s securities and real estate and other assets and rights.

Places Where The Foundation’s Income Will Be Allocated And Spent

Article 17- At least two thirds of the foundation’s annual gross income is allocated and spent for the purposes of the foundation, the rest for management and maintenance expenses, prudence and investments that increase the foundation’s assets.

Amendment Of The Official Promissory Note

Article 18- Amendments to the foundation deed are made with the written proposal of at least one fifth (1/5) of the board of directors or the members of the board of trustees, with the approval of at least two thirds (2/3) of the total number of members of the board of trustees.

Termination Of The Foundation

Article 19- In case of termination of the foundation for any reason, the assets left over from the liquidation of the foundation are transferred to the Turkish Educational Foundation.

The termination of the foundation is possible only with the written proposal of the board of directors or at least one more than half of the total number of members of the board of trustees and the approval of two thirds (2/3) of the total number of members of the board of trustees.

Temporary Provisions

Provisional Article 1- The first provisional board of directors of the Foundation is composed of the members whose names are written below.

1- Hasan FAYDASIÇOK

2- Selcen FAYDASIÇOK

3- Gülay FAYDASIÇOK

4- Özlem FAYDASIÇOK

5- Batuhan FAYDASIÇOK

The temporary board of directors is obliged to call a meeting of the board of trustees no later than one month from the date of registration of the foundation and has the duties and authorities specified in the deed during this period.

Provisional Article 2- To carry out all the necessary procedures for the registration of the Foundation, Attorney İrfan Coşkun has been authorized.

Additional- List of the Board of Trustees

Name Surname

Hasan FAYDASIÇOK

Nuran FAYDASIÇOK

Adnan Naci FAYDASIÇOK

Fatih FAYDASIÇOK

Cem FAYDASIÇOK

Selcen FAYDASIÇOK

Gülay FAYDASIÇOK

Özlem FAYDASIÇOK

Batuhan FAYDASIÇOK

Nur Karin FAYDASIÇOK