PART I, LINE 3, COLUMN (E) |
THE LOVETT SCHOOL, INC. (SOMETIMES "LOVETT OR THE "SCHOOL") OWNS, OPERATES, MAINTAINS AND SUPPORTS A PROTECTED PRESERVE OF CLOUD FOREST PROPERTY IN ECUADOR KNOWN AS SIEMPRE VERDE WHICH INCLUDES CERTAIN BUILDINGS AND RELATED IMPROVEMENTS IN WHICH LOVETT STUDENTS, AS WELL AS OTHER PERSONS BOTH FROM WITHIN, AND FROM OUTSIDE OF, THE LOVETT COMMUNITY, WHO HAVE TRAVELLED TO AND ARE STAYING AT THE SIEMPRE VERDE PROPERTY MAY STUDY, EXPLORE THROUGH ON-SITE INVESTIGATION AND EXPLORATION OF THE PRESERVE CLOUD FOREST PROPERTY, ENGAGE IN RESEARCH, MEET AND DISCUSS ENVIRONMENTAL PRESERVATION AND OTHER ISSUES AND OTHERWISE PARTICIPATE IN TROPICAL CONSERVATION EDUCATION AND OTHER PROGRAM SERVICES ACTIVITIES. LOVETT MAINTAINS A FOREIGN BANK ACCOUNT IN ECUADOR FOR, AMONG OTHER PURPOSES, TO PAY FEES, COSTS AND EXPENSES RELATING TO OWNERSHIP, OPERATION, MAINTENANCE, REPAIR, REFURBISHMENT AND SUPPORT OF THE SIEMPRE VERDE PROPERTY AND PROGRAM SERVICES ACTIVITIES AT SIEMPRE VERDE. THREE LOCAL RESIDENTS IN ECUADOR WORK FOR LOVETT FOR THE BENEFIT OF SIEMPRE VERDE. SUCH FEES, COSTS AND EXPENSES FOR LABOR, GOODS AND SERVICES ARE PAID BY LOVETT BOTH INDIRECTLY THROUGH PAYMENTS MADE BY THE ECUADORIAN AFFILIATE OF DELOITTE WHICH PROVIDES, AND/OR OVERSEES PROVISIONS OF, ACCOUNTING, TAX, GOVERNMENTAL, LEGAL AND OTHER PROFESSIONAL AND RELATED SERVICES ON BEHALF OF THE SCHOOL AS ITS REPRESENTATIVE, AND DIRECTLY BY AN AUTHORIZED LOVETT REPRESENTATIVE, INCLUDING, BUT NOT LIMITED TO, BY LOVETT'S PROGRAM DIRECTOR WHO PERIODICALLY TRAVELS TO SIEMPRE VERDE AND OTHER AREAS IN THE REGION FOR, AMONG OTHER PURPOSES, TO OVERSEE THE WORK OF THE LOCAL RESIDENTS WORKING AT SIEMPRE VERDE, TO MANAGE MATTERS RELATING TO THE OWNERSHIP, OPERATION, MAINTENANCE AND SUPPORT OF THE SIEMPRE VERDE PROPERTY AND RELATING TO PROGRAM SERVICES ACTIVITIES, TO PAY FOR MAINTENANCE, REPAIRS AND REPLACEMENTS AT, OR FOR THE BENEFIT OF, SIEMPRE VERDE AND/OR TO PAY FOR SERVICES NOT PAID THROUGH THE DELOITTE AFFILIATE IN ECUADOR, AND TO COORDINATE AND OVERSEE SIEMPRE VERDE PROGRAM SERVICES ACTIVITIES. |
PART I, LINE 3, COLUMN (F) |
ACTIVITIES IN SOUTH AMERICA/ECUADOR - THE COSTS AND EXPENSES IN PART I, LINE 3, COLUMN (F) ARE PRESENTED ON AN ACCRUAL BASIS OF ACCOUNTING AND ARE RELATED TO STUDENT TRIPS TO SIEMPRE VERDE, AS WELL AS FOR THE COSTS AND EXPENSES OF PARTICIPATING IN PROGRAM SERVICES ACTIVITIES OF SIEMPRE VERDE. THESE EXPENSES ARE GENERALLY PAID FOR LOVETT STUDENTS BY THEIR FAMILIES, AND FOR OTHER PERSONS FROM WITHIN AND FROM OUTSIDE THE LOVETT COMMUNITY BY SUCH PERSONS OR BY OTHERS ON THEIR BEHALF. |