APPENDIX 2 - Euroleague Basketball

CHAPTER VI
Final Provisions
Article 20.
Waiving of Rights
If a club holds the rights provided in these Licensing Rules but
has not yet subscribed the Licence Contract, and when required
to do so by the Companies should decide to waive its right to
participate in any competition organised by the Companies, it
will lose any future rights and may not invoke these Licensing
Rules to apply for participation in the Euroleague the following
four seasons (hereinafter “Suspension Period”). Without
prejudice to the above, in the event that during the Suspension
Period, the club that has waived its right to participate fulfils the
requirements for participating as established in the Licensing
Rules, the General Assembly may revoke the Suspension Period
if the club previously makes a payment of 500,000 euros to EP.
Article 21.
Appendices
All appendices to these Licensing Rules form an integral part of
them.
Article 22.
Disciplinary Procedures
Any breach of these Licensing Rules may be sanctioned by the
Companies pursuant to the Disciplinary Regulations of the
Euroleague Regulations (Chapter XXI) or, if appropriate, with
the cancellation of the Licence Contract.
Article 23.
Entry into Force
These Licensing Rules will come into force beginning the date on
which the General Assembly approves them, without prejudice
to the subsequent modifications, amendments and appendices
thereto that may be approved by the General Assembly.
27