Articles of Association-Association for International Economic Promotion,Developement and Communication e.V.

1. The Association shall bear the name "Association for International Economic Promotion, Developement and Communication". After entry into the German Register of Associations, the  suffix e.V. (German abbreviation for eingetragener Verein - registered  Association) will be added.

2. The Association shall have its seat in Kochel am See, Germany, and is to ben entered into the German Register ofAssociations. (Vereinsregister). The scope of activity of the Association shall encompass the  entire territory of Europe in the sence of the European Union (Community) as well as all other countries.

3. The object of the Association is the promotion of international economic and trade relations, assistance with the market developement of the former East Bloc countries and the promotion of international communication by means of electronic technology. The activity of the Association shall serve exclusively for the benefit and success of ist Members .

4. Any juristical or private person can become a Member. The prerequisite for acquiring membership is the submission of a written application.

5. The Association shall be entitled to charge membership dues in order to cover its costs and the amount of this dues shall be laid down by the Members`Meeting. Insofar as dues are imposed in exceptional cases by the Executive Committee,these dues must be approved by the Members`Meeting.

6. Membership shall be terminated by withdrawal from the Association or by death. Withdrawal from the Association can take place in the form of a written declaration to this effect by the Member and submitted to the Executive Committee, with a period of notice of three months to the end of the year.
Moreover, a Member can be expelled from the Association by a decision of the Executive Committee if the member has culpably viollated the interests of the Association in a grossly negligent manner.

7. The Executive Committee of the Association shall consist of one person and one deputy as long as the Association does not exceed 99 Members. Above 100 Members, the Executive Committee shall consist of three Committee Members. The Committee Members shall then elect one of these Committee Members to be Chairman of the Committee (President). All Committee Members are individually entitled to represent the
Assossiation.

The Executive Committee has primarily the following functions:

a) to prepare and convene the Members` Meeting and to draw up the business agenda

b) to execute decisions made by the Members'Meeting

c) to prepare the budget, to manage the bookkeeping and to draw up the annual report

d) to administer and maintain the technical facilities of the Association.

The Executive Committee shall be entitled to make use of the services of competent third parties as well as employees with or without remuneration in order to properly perform its functions. The Executive Committee shall be elected by the Members` Meeting for a term of three years. Each Member of the Executive Committee shall remain in office until the next elections. If membership in the Association is discontinued,then the office on the Executive Committee is also terminated. If a Member of the Executive Committee withdraws prematurely, then the Executive Committee can elect a successor for the remainder of term of office of said Committee Member.

8. In addition to Full Members, the Association can also accept Associate Members (Using Members). These Members have no voting rights.

9. The Members` Meeting shall be held once per year, if possible, during the first quarter, and shall be convened with a period of notice of four weeks, with an announcement of the business agenda. The period of notice starts on the day following the mailing of the invitation. The invitation is considered to have been delivered to the Member if it has been addressed to the most recent address known to the Executive Committee.

10. The Members`Meeting shall be led by the President or by a person delegated by the President. The leader of the meeting selects a person to take minutes of the meeting and sign these minutes.Voiting shall be conducted by a show of hands. The Members`Meeting has a quorum if at least 7 Members are present. If the meeting lacks a quorum, the Executive Committee shall be obliged to convene a second Members`Meeting with the same business agenda this second meeting shall be considered to have a quorum,irrespective of the number of Members in attendance.The invitation shall point this out. The decision shall be made on the basis of a simple majority of the votes cast. Abstentions shall not be taken into considderation. However, in order to change the Articles of Association and to dissolve the Association, a majority of three-fou rths of the total votes is necessary.
Anyone who receives more than half of the votes cast is elected. If no one has received more than half of the votes cast, a run-off election shall be held between the two candidates who received the largest number of votes. The Executive Committee shall convene an extraordinary Members`Meeting within 6 weeks if more than 20 percent of the Members request this, stating a reason and a business agenda.

11. The Association shall exist for an indeterminate period of time. If the Association is dissollved, any assets that might exist shall be divided up among the Members.

12. In all other respects, the statutory regulations shall apply.