APPENDIX 2 - Euroleague Basketball

2.2. The Right of Option may be exercised by the Club at any time, but in
any event no later than two months before the expiry of the Contract,
by simple communication in writing sent to the Player’s address, as
specified in the Contract.
3. Remuneration for the Right of Option
3.1. As a fee for the Right of Option granted by the Player, the Club shall
pay to the Player an amount equal to 5% of the total compensation
agreed in Article 4, paragraph 1, of the Contract.
3.2. Said fee shall be paid within sixty days from the entering into force of
the Contract.
3.3. Without payment of the fee provided in the above Article 3.1, the
present right of option shall expire and not be valid and effective
between the Parties.
[Date and signatures]
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