Shanghai Race Club Constitution

Part 1 : Club Rules & Regulations

1. Name
The name of the Club shall be The Shanghai Race Club hereinafter referred to as the Club.

2. Aims & Objectives
To provide a platform and opportunity for individuals and organisations with a common interest in horse racing and associated activities to meet in order to promote a wider knowledge of,and interest in, the sport.

3. Governance of the Club
(a) the Club shall be governed by the Executive Committee.

(b) the Committee shall have responsibility for the day to day running of the Club, subject to the Club Constitution.

(c) the Constitution may only be amended by a majority vote of the Executive Committee.

4. Membership & Benefits

There are the following categories of membership and associated benefits ;

(1) Standard level members have the following benefits ;

Full use of the Shanghai Race Club support team and related services for the buying or selling of racehorses or shares in racehorse to/from other Shanghai Race Club members up to the value of CN¥170,000/ GBP17,000 (or which ever is greater at the time of membership).

All applications for membership are subject to approval by the Executive Committee via the Membership Secretary.

(2) Silver level members have the following benefits ;

Full use of the Shanghai Race Club support team and related services for the buying or selling of racehorses or shares in racehorse to/from other Shanghai Race Club members up to the value of CN¥1,700,000/ GBP170,000 (or which ever is greater at the time of membership).

– this category of membership is open to any person or organisation.

All applications for membership are subject to approval by the Executive Committee via the Membership Secretary.

(3) Gold level members have the following benefits ;

Full use of the Shanghai Race Club support team and related services for the buying or selling of racehorses or shares in racehorse to/from other Shanghai Race Club members up to the value of CN¥17,000,000/ GBP1,700,000 (or which ever is greater at the time of membership).

– this category of membership is open to any person or organisation with proven significant investment or contributions to the horse racing industry.

All applications for membership are subject to approval by the Executive Committee via the Membership Secretary.

Honorary membership – this category of membership is by invitation of the Executive Committee only and for which no subscription shall be payable.

Any member deemed by the Executive Committee to have contravened the Aims and Objectives of the Club may have their membership cancelled.

5. Executive Committee
(a) the Executive Committee shall comprise of the Chairman plus 2 other Officers, as nominated by the Chairman.

(b) the Executive Committee will be responsible for the Club’s
membership, conduct, finance, assets, administration and its commitments.

6. Club Membership & Fees
(a) Membership runs for a period of 36 months starting on the date as advised by the Membership
Secretary.
(b) The membership fees are set by the Executive Committee.
(c) Current membership fees are as indicated on the membership application form.

Part 2 :Membership Terms & Conditions

1. General

1.1 If the Terms & Conditions are not acceptable to applicants then the application form should not be submitted.

1.2 The unauthorised sale or transfer of a Club membership is not permitted.

1.3 Members must at all times do everything within their power and control to protect and enhance the good name of the Club and not to diminish the good name of the Club in any way or through any means.

1.4 The Club reserves the right to amend these Terms and Conditions within reason at any time without prior notice.

1.5 Renewal notices will be emailed Members prior to end of the 36 month membership period.

1.6 The Club reserves the right to refuse or close membership without prior notice or reason.

1.7 The Club reserves the right to suspend or terminate individual memberships with immediate effect if it is suspected that the membership and/or the benefits of that membership are being abused. Suspended members will be granted the right to appeal. In the event of a successful appeal, any subsequent offences will result in immediate ban with no right of appeal.

1.8 Members agree to notify us immediately as soon as they are aware of any infringement or unauthorised use (or potential infringement or unauthorised use) of the Club services.

1.9 By becoming a member of the Club you are agreeing to these terms and conditions.

2. Confidentiality and Privacy Statement

Your personal information will not be passed to a third party without your explicit consent.

The Club will keep your name, address, email address, phone numbers and other personal details including credit/debit card information and use this information to fulfil your Membership and for customer service purposes.We will disclose your information to our service providers and agents for these purposes.

Unless you advise us, we will also use your contact information to advise you of club related notifications, offers and promotions.

3. Exclusion of Liability

3.1 The Club expressly excluded all liability resulting from ;

a.any failure or delay by the Club in carting out any of its obligations under the Membership T&C’s which is caused by circumstances outside the Clubs control.

3.2 The Club shall have no liability whatsoever for any indirect or consequential loss,damage or loss of enjoyment.

4. Change of Details

Members should promptly notify the Club of any change in details (including without limitation to, changes in payment details and / or addresses by email.

5. Intellectual Property & Ownership of Materials

All assets and inherent rights remain the exclusive property of the Club, including and not limited tosoftware, source code, documentation, tools, data files, images and other materials used or created by the Club in the performance of its obligations.

6. Governing Law

These membership T&C’s shall be governed by and interpretated in accordance with the laws of China.