| The PADI FOUNDATION encourages and supports underwater science, environmental
projects, and education. The Foundation will fund and assist worthwhile projects that will
enrich mankind's understanding of the aquatic environment and encourage sensitivity to and
protection of the delicate ecological balance of underwater life. The Foundation will also
fund worthwhile projects to increase understanding of sport diving physics and physiology
that will benefit the general diving public and add to the scientific understanding of
man's relationship and ability to survive in the underwater environment. The PADI
Foundation is an IRC Section 501 (c)(3) non-profit, tax exempt organization. It is a
separate and distinct organization, corporately unrelated to PADI, Inc. and its
affiliates, but funded through International PADI, Inc.. In 2010, the Foundation
expects to award a total of approximately $180,000 and will consider proposals with
budgets up to $20,000 although the average for proposals will be on the order of $5,000 to
$10,000. The Foundation will not fund overhead or other indirect expenses.
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