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Alp Investment Club Constitution & Rules

This agreement is made this


...........day of ..........in the year of........... between the undersigned people as
members for the purpose of joint investment in stocks, shares, options, securities
and investments.
1. The number of committee members in a club shall be limited to a minimum of
3 to a maximum of 50 members.
a. Acceptance of new members into the club shall be proposed & seconded by
two existing members and adopted only if no other member objects.
b. The club reserves the right to refuse admission to any person without giving a
reason.
c. On admission to the club as Alp investor under committee member, the new
member shall pay the 2% of his or her profit excluding dividends as stated in the
site.
d. All members hereby agree to attend an external or internal structured stock
market education program - within six months of joining the club.
2. Members of the club have the right to sell their securities to receive back their
cash, in doing so, members of the club have to bear any commission costs
incurred from selling their securities.
3. The club shall open a club bank account for investment purpose only. The
club shall appoint three signatories.
a. All cheques drawn on the club account shall require any two authorised
signatures.
b. All income will be paid directly into the club's bank account.
c. The club's bank account must be set up without overdraft facilities.

4. The club shall open a club brokerage account with a reputable nominee
stockbroker.
a. Only the named trader (Trustee) are authorised to buy and sell investments on
behalf of the club.
b. No member is authorised to commit the club beyond the cash held by the club
broker.
c. All cheques due to the club's account are to be made out to the club's name on
non-transferable cheques.
5. The club may, at its discretion, allow individual committee members to
purchase additional units but it is implicitly understood that every committee
member shall have equal voting powers on all matters.
6. The club will only deal with the club's investment and for the benefit of the
club only. It will neither advice nor deal on behalf of any person/group outside
the club.
a. No member shall make any commitment particularly financial on behalf of
the club without the agreement of a properly constituted meeting.
b. All affairs (conduct, behaviour, attendance of members, monetary etc.)
affecting the club shall be agreed by the members at a constituted meeting. The
meeting must have a quorum of at least 50% plus one.
d. Any member who breaks these rules & conditions will be expelled after a
warning has been issued and when two thirds of members at a constituted
meeting support the decision. The expelled member will be notified in writing
and have their share of the club holdings returned (minus legal & brokerage
fees) in full payment within 90 days of expulsion.
7. When a member resigns they will receive their share of the club holdings
(minus legal & brokerage fees) in full payment within 90 days of resignation.
8. Upon the death of a club member, their share value of the club holdings will
be paid to their executor (minus legal & brokerage fees) in full payment within
90 days of the club meeting where the death was recorded.
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a. Resignations of membership must be submitted in writing to the chairperson,


Transfer agent or secretary not less than seven days before the monthly meeting
at which the resignation is to take effect.
b. Members leaving the club, whether by resignation or as the result of
termination membership, shall sell back the club their entire holding of units.
The amount to be paid to a member leaving the club shall be calculated by
multiplying the total number of units held by the member by the unit value
declared by the transfer agent at the club meeting at which the resignation
became effective, subject to deduction of club brokerage if such should be in
force at the time and any legal fees incurred by the club in connection with the
withdrawal of the member. Any surplus cash held to the members credit will be
added.
9. Members are entitled to attend all meetings and vote on all matters. A meeting
quorum (normally of half membership, plus one) shall be agreed.
10. A member shall be expelled if two thirds majority of the members present at
a properly constituted meeting of the club support a resolution to that effect. A
member who is expelled shall be notified in writing and shall have his/her
equitable share of the club assets returned in accordance with the rules of the
club.
11. The voting system is one member one vote.
12. Minutes of the club meetings shall be kept and issued promptly to members
at least two weeks or as soon as practicable prior to the next meeting.
13. Any disputes to the interpretation of constitution and rules will be decided by
the chairperson / or at the AGM / or if requested at a special general meeting.
Disputes relating to the valuation of members share shall be decided by a
chartered accountant (appointed by the club chairperson), whose decision will
be final. Fees for the certified accountant will be met by the losing party or
equally if no clear decision is made.
14. Club members acknowledge that the sole ownership of all equity
appreciation shall reside with only those club members who have fulfilled all
obligations as set out in this constitution.
15. The club shall be wound up and all assets divided among members in
accordance with a resolution to that effect if passed by at least two thirds of the
members at a specially convened general meeting of the club.
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16. Only the following items shall be discussed and agreed at the annual AGM:
a. The secretary at the AGM shall produce a statement of accounts. A report
detailing the income, expenditure, club assets, arrears, end of year valuation of
portfolio, and each member total contribution/drawings with current value of
holding shall be presented to club members at all meetings.
b. An Auditors report shall be presented to club members at an annual basis.
c. The club bank account / brokerage account can to be determined annually or
at a special meeting. All meeting dates and venues for the year need to be agreed
by members. Between 5 to 10 days notice should be given for all meetings.
17. We do not produce the information with the intent of impacting your
investment decisions, therefore, you release us from any liability for any losses,
including without limitation, any loss of profit you may incur as a result of
reliance on such information or entering into any investment transaction.

You acknowledge that you have read this agreement, understand it and will
be bound by its terms and conditions. You further acknowledge that this
agreement represents the complete and exclusive statement of the
agreement between us and that it supersedes any proposal or prior
agreement oral or written, and any other communications between us
relating to the subject matter of this agreement.

Name ... Signed.


Date

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