Landman Scholarship Trust

“The trust shall be administered by a board of trustees (the "board the trustees comprising the board, collectively, the "trustees"). The chair of the board of trustees, after consultation with the board, will determine the total number of trustees necessary to support the aapl accredited programs with a maximum number of no more than sixteen (16) trustees at any given time. At a minimum, the trust shall be administered by a board of seven (7) trustees and shall include: the individual serving as the second vice president of aapl; the individual serving as the immediate past second vice president of aapl; the individual serving as the treasurer of aapl; a minimum of four (4) up to a maximum of thirteen (13) other members of aapl who are in good standing and qualified under aapl's constitution and bylaws to serve on aapl committees ("at large trustees"). The at large trustees shall have full voting rights as trustees and shall serve staggered three (3) year terms, having been appointed by the chair of the board of trustees in accordance with this 2023 declaration. The individual serving as the aapl treasurer shall serve a term of one (1) year and shall perform the duties as the treasurer of the trust but shall not hold voting rights on formal motions made on behalf of the board or trust.”

“A copy of the form 990 was provided to the trustees of lst for review prior to submitting to the irs.”

“Conflict of interest statements are obtained from all new directors and committee chairman at orientation and all new aapl and nape employees upon hiring. Should a conflict be found to exist, the conflicted member will excuse themselves from all discussions related to the transaction.”

“Landman scholarship trust will provide its financial information to the public upon request. The declaration of trust is published annually in the landman directory, which is distributed to the membership of the american association of professional landmen, inc. The financial reports are published annually in the annual report, which is also sent to the membership of the american association of professional landmen, inc. The form 990 is available online at www.guidestar.org.”

“The trust's financial statements are included in the consolidated independent audit report with their supported organization, american association of professional landmen, inc. Oversight of the audit and selection of the independent accountant are performed by american association of professional landmen, inc. This has not changed in the last year.”