APPENDIX 2 - Euroleague Basketball

CHAPTER V
Rights and Obligations of the Clubs,
Special Obligations and Economic Rules
Article 17.
Rights and Obligations of the Clubs
17.1. The Clubs have the following rights:
17.1.1. To benefit from all agreements, covenants and dealings carried
out by the Companies for the good of the Euroleague
competition.
17.1.2. To participate, as provided by these Licensing Rules, in the
management decisions regarding the Euroleague.
17.1.3. To be informed of the annual state of the P&L Accounts related
to the Euroleague and the Companies.
17.1.4. All other rights recognised in these Licensing Rules and all
subsequent modifications, amendments and appendices thereto,
as well as all other rights recognised in the Bylaws, agreements
and resolutions governing the Euroleague.
17.2. The Clubs have the following obligations:
17.2.1. To accept and comply with the Bylaws regulating the
Euroleague.
17.2.2. To comply with the resolutions, agreements and commitments
adopted or entered into by the Companies, the Shareholders
Executive Board and the General Assembly.
17.2.3. To report to the Companies any information that might be
required and necessary for the optimal organisation of the
Euroleague.
17.2.4. To provide loyal and good faith cooperation with the Companies
and the other Clubs, facilitate the smooth administration and
management of the Companies and the Euroleague and abstain
from any conduct that may obstruct or delay the smooth
administration and management of the Companies and the
Euroleague.
17.2.5. In the case that the Clubs do not qualify for the Euroleague Top
16, they have the obligation to participate in the Eurocup within
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