A GRANT APPLICATION PREPARED BY KANG DREAM FOUNDATION IS USED TO REQUEST A GRANT. THE GRANT APPLICATION CONSISTS OF GRANTEE'S INFORMATION, PURPOSE OF GRANT, BACKGROUND ORGANIZATION, FINANCIAL INFORMATION AND ADDITIONAL INFORMATION SECTIONS. GRANTEE'S INFORMATION INCLUDES GRANTEE'S NAME,CONTACT INFORMATION AND PROJECT NAME. IN 'PURPOSE OF GRANT' SECTION, THE GRANTEE SHOULD EXPLAIN THE PROJECT IN DATAILS SUCH AS THE TYPE OF PROJECT,EXPECTATION AFTER RECEIVING THE GRANT, THE TIMETABLE OR WORK PLAN FOR THE PROJECT, ETC. THE GRANTEE ALSO DESCRIBES THE PURPOSES AND HISTORICAL DEVELOPMENT OF THE ORGANIZATION, LIST OF THE BOARD OF DIRECTORS AND ALL STAFFS, ANY SPECIFIC QUALIFICATIONS TO BRING TO THE PROJECT AND REPRESENTATIVE LIST OF OTHER DONORS TO THE GRANTEE. MOREOVER, THE FOUNDATION REQUESTS A LINE ITEM BUDGET FOR THE TOTAL PROJECT, ANY PLAN FOR CONTINUING THE PROJECT OR AFTER THE REQUESTED GRANT FUNDS EXPIRE, ANY OTHER INFORMATION OF THOSE WHO INVOLVE THE PROJECT, THE GRANTEE ORGANIZATION

ONCE GRANTS ARE DISTRIBUTED, EACH GRANTEE SHALL EXECUTE A KANG DREAM FOUNDATION GRANT AGREEMENT AS A CONDITION OF GRANT ACCEPTANCE. PERIODIC REPORTS OF THE USE OF FUNDS WILL BE DUE EVERY 6 MONTHS FROM THE DATE OF DISTRIBUTION IF FUNDS ARE NOT DEPLETED AND A FINAL REPORT OF THE USE OF FUNDS AND EFFECTIVENESS OF THE PROJECT. HOWEVER, IF THE GRANTS/LOANS/DISTRIBUTIONS ARE LESS THAN 5,000, SUCH REPORT SHOULD BE SUBMITTED ANNUALLY TO THE FOUNDATION BY SEPTEMBER 30 OF THE YEAR FOLLOWING THE GRANT.