ITF

13 (f) (f) (f) (f) Any Recognised Organisation that fails for two successive years to pay its subscription may be expelled from the Company if a resolution to that effect is passed with at least a two-thirds majority. Notice of any proposed expulsion shall appear in the Agenda of the General Meeting at which it is to be moved. (g) (g) (g) (g) Any Recognised Organisation whose continued Membership would, in the opinion of the Council, damage the international standing of tennis as a world sport, shall be suspended if a Resolution of the Council to that effect is carried by a two-thirds majority. (h) (h) (h) (h) Recognised Organisation shall at all times work within the Constitution and Regulations of the Company and shall accept as final the rulings of the Company in any matter. 9. 9. 9. 9. REGISTERED SHARES REGISTERED SHARES REGISTERED SHARES REGISTERED SHARES (a) (a) (a) (a) All the Shares of each Class shall be numbered in a regular series, and every surrendered, cancelled or forfeited share shall continue to bear the original number by which the same was distinguished. (b) (b) (b) (b) The Company shall maintain at its Registered Office a Share Register containing the particulars required by the Act. (c) (c) (c) (c) Certificates in respect of Shares of any Class shall not be issued but every Member of every Class shall be entitled to a single letter under the signatures of the President and any member of the Board of Directors or any two members of the Board of Directors of the Company confirming its registration as the sole owner of the shares therein mentioned subject to the restrictions, qualifications and other provisions of the Constitution. Every such letter shall specify the aggregate number and denote the number of the shares in respect of which it is issued and the amount paid up thereon. (d) (d) (d) (d) Subject to these Articles, the whole of the unissued Shares of the Company shall be under the control of the Council who may instruct the Board of Directors to allot at par or otherwise dispose of the same to or in favour of the Members or any one or more of the Members. (e) (e) (e) (e) The Company shall be entitled to treat the registered holder of any Class B Share or Class C Share as the absolute owner thereof and accordingly shall not, except as ordered by a Court of competent jurisdiction or as required by the Act, be bound to recognise any equitable or other claim to or interest in such share on the part of any other person. 10. 10. 10. 10. TRANSFER OF REGISTERED SHARES TRANSFER OF REGISTERED SHARES TRANSFER OF REGISTERED SHARES TRANSFER OF REGISTERED SHARES (a) (a) (a) (a) Class A Shares shall only be transferable consequent upon a change of Trustees of the ITF Trust or in such other circumstances as may be authorised by the express provisions of the ITF Trust. (b (b (b (b) )) ) Class B Shares and Class C Shares shall be non-transferable except in favour of the Company.

• Cover