ARTICLE I

Section 1. Principal Office. The principal office of the corporation in the State of Massachusetts shall be located in the Town of Ashland, County of Middlesex. The corporation may have such other offices, either within or without the State of Massachusetts, as the Board of Directors may determine or as the affairs of the corporation may require from time to time.

Section 2. Registered Office. The corporation shall have and continuously maintain in the State of Massachusetts a registered office, and a registered agent whose office is identical with such a registered office, as required by the Massachusetts Non-Profit Corporation Act. The registered office may be, but need not be, identical with the principal office in the State of Massachusetts, and the Board of Directors may change the address of the registered office from time to time.

ARTICLE II

Section 1. Classes of Members. The corporation shall have three classes of members. The designation of such classes and the qualifications and rights of the members of such classes shall be as follows:

Section 2. Election of Members. Members are automatically elected upon acceptance into the Team Program. Qualifications for admittance to this organization shall not be restricted because of a person's sex, age, race, or religion.

Section 3. Voting Rights. Voting rights are based upon a one-vote per family basis. In the event of a tie, the President will provide the tie-breaking vote.

Section 4. Termination of Membership. A member who does not meet the criteria of an active member may be dropped from the membership after notification by mail from the Secretary. This will result in the gymnast being supported for any competition, scheduled team clinics, or special events provided for the team by the association. The terminated member will have to make their own arrangements for any of the above with the coaching staff not the association. However, the gymnast may still train in the gym with the team as deemed by the coach.

Section 5. Resignation. Any member may resign, but resignation shall not relieve the member so resigning of the obligation to pay any financial charges accrued and unpaid.

Section 6. Reinstatement. A member who resigns in good standing will be reinstated upon meeting the criteria of Election of Members. Others may be reinstated upon reaching all financial obligations.

Section 7. Transfer of Membership. Membership in the corporation is not transferable or assignable.

Section 1. Annual Meeting. An annual meeting of the members shall be held on the first Tuesday of May, in each year, beginning with the year 2001, at the hour of 7 o'clock PM for the purpose of electing Directors and for the transaction of such other business as may come before the meeting. If the day fixed for the annual meeting shall be a legal holiday in the State of Massachusetts, such meeting shall be held on the next succeeding business day. If the election of Directors shall not be held on the day designated herein for any annual meeting, or at any adjournment thereof, the Board of Directors shall cause the election to be held at a special meeting of the members as soon thereafter as conveniently may be.

Section 2. Special Meetings. The President, the Board of Directors, or not less than one-tenth of the members having voting rights may call special meetings of the members.

Section 3. Place of Meeting. The Board of Directors may designate any place, either within or without the State of Massachusetts, as the place of meeting for any annual meeting or for any special meeting called by the Board of Directors. If no designation is made or if a special meeting be otherwise called, the place of meeting shall be the registered office of the corporation in the State of Massachusetts; but if all of the members shall meet at any time and place, either within or without the State of Massachusetts, and consent to the holding of a meeting, such meeting shall be valid without call or notice, and at such meeting any corporate action may be taken.

Section 4. Notice of Meetings. Written notice stating the place, day and hour of any meeting or members shall be delivered, either personally or by mail, to each member entitled to vote at such meeting, by or at the direction of the President, or the Secretary, or the officers of persons calling the meeting. In the case of a special meeting or when required by statute or by these by-laws, the purpose or purposes for which the meeting is called shall be stated in the notice. If mailed, the notice of a meeting shall be deemed to be delivered when deposited in the United States mail addressed to the member of his address as it appears on the records of the corporation, with postage thereon prepaid.

Section 5. Informal Action by Members. Any action required by law to be taken at a meeting of the members, or any action which may be taken at a meeting of members, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the members entitled to vote with respect to the subject matter thereof.

Section 6. Quorum. The members holding one of the votes, which may be cast at any meeting, shall constitute a quorum at such meeting. If a quorum is not present at any meeting of members, a majority of the members present may adjourn the meeting from time to time without further notice.

Section 7. Proxies. At any meeting of members, a member entitled to vote may vote by proxy executed in writing by the member or by his duly authorized attorney-in-fact. No proxy shall be valid after eleven months from the date of its execution, unless otherwise provided in the proxy.

Section 8. Manner of Acting. A majority of the votes entitled to be cast on a matter to be voted upon by the members present or represented by proxy at a meeting at which a quorum is present shall be necessary for the adoption thereof unless a greater proportion is required by law or by these by-laws.

Section 9. Voting by Mail. Where Directors or Officers are to be elected by members or any class or classes of members, such election may be conducted by mail in such a manner, as the Board of Directors shall determine.

Section 1. General Powers. Its Board of Directors shall manage the affairs of the corporation. Directors need not be residents of the State of Massachusetts or members of the corporation. The Board of Directors shall consist of elected officers and the appointed committee heads. Only one parent or guardian per family is permitted to hold a position of the Board of Directors during any single season.

Section 2. Number, Tenure, and Qualifications. The number of Directors shall be a minimum of three, but not more than 7. Each Director shall hold office until the next annual meeting of members and until his successor shall have been elected and qualified.

Section 3. Regular Meetings. A regular monthly meeting of the board of Directors shall be held without other notice than this by-law. The Board of Directors may provide by resolution the time and place, either within or without the State of Massachusetts, for the holding of additional regular meetings of the Board without other notice than such resolution. Board members must notify the President or Secretary if they are unable to attend. Excessive absence will be cause for review of Board Member status. A representative of the gym will be invited to attend any Board of Directors meeting to provide guidance and input as needed.

Section 4. Special Meetings. Special meetings of the Board of Directors may be called by or at the request of the President or any two Directors. The person or persons authorized to call special meetings by the Board may fix any place, either within or without the State of Massachusetts, as the place for holding any special meeting of the Board call by them.

Section 5. Notice. Notice of any special meeting of the Board of Directors shall be given at least two days previously thereto by written notice delivered personally or sent by mail to each Director at his address as shown by the records of the corporation. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail in a sealed envelope so addressed, with postage thereon prepaid.

Section 6. Quorum. A majority of the Board of Directors shall constitute a quorum for the transaction of business at any meeting of the Board; but if less than a majority of the Directors are present at said meeting, a majority of the Directors present may adjourn the meeting from time to time without further notice.

Section 7. Manner of Acting. The act of a majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless the act of a greater number is required by law or by these by-laws.

Section 8. Vacancies. Any vacancy occurring in the Board of Directors and any directorship to be filled by reason of an increase in the number of directors may be filled by the affirmative vote of a majority of the remaining directors, though less than a quorum of the Board of Directors. A director elected to fill a vacancy shall be elected for the unexpired term of his predecessor in office. In the absence of any available replacement, other directors may hold more than one office from time to time until the next general election.

Section 9. Compensation. Directors as such shall not receive any stated salaries for their services.

Section 10. Informal Action by Directors. Any action required by law to be taken at a meeting of directors, or any action which may be taken at a meeting of directors, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the Directors.

Section 1. Officers. The Officers of the corporation shall be President, Vice President, Secretary, Treasurer and such other offices as may be elected in accordance with the provisions of the Article.

Section 2. Election and Term of Office. The members at the regular annual meeting shall elect the officers of the corporation annually. If the election of officers shall not be held at such meeting, such election shall be held as soon thereafter as conveniently may be. New offices may be created and filled at any meeting of the Board of Directors. Each officer shall hold office until his successor shall have been duly elected and shall have qualified. It is expected that the elected officers will serve a two-year term.

Section 3. Removal. Any officer elected or appointed by the Board of Directors may be removed by the Board of Directors whenever in its judgment the best interests of the corporation would be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the officer so removed.

Section 4. Vacancies. A vacancy in any office because of death, resignation, removal, disqualification or otherwise, may be filled by the Board of Directors for the unexpired portion of the term.

Section 5. President. The President shall be the principal executive officer of the corporation and shall, in general, supervise and control all of the business and affairs of the corporation. He/she shall preside at all meetings of the members of the Board of Directors. He/she may sign, with the Secretary or any other proper officer of the corporation authorized by the Board of Directors, any deeds, mortgages, bonds, contracts, or other instruments which the Board of Directors has authorized to be executed, except in cases where the signing and execution thereof shall be expressly delegated by the Board of Directors or by these by-laws or by statute to some other officer or agent of the corporation; and, in general, he/she shall perform all duties incident to the office of President and such other duties as may be prescribed by the Board of Directors from time to time.

Section 6. Vice President. In the absence of the President or in the event of his/her inability or refusal to act, the Vice President (or in the event there be more than one Vice President, the Vice Presidents in the order of their election) shall perform the duties of the President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the President. Any Vice President shall perform such other duties as from time to time may be assigned to him/her by the President or by the Board of Directors.

Section 7. Treasurer. If required by the Board of Directors, the Treasurer shall give a bond for the faithful discharge of his/her duties in such sum and with such surety or sureties, as the Board of Directors shall determine. He/she shall have charge and custody of and be responsible for all funds and securities of the corporation; receive and give receipts for moneys due and payable to the corporation from any source whatsoever, and deposit all such moneys in the name of the corporation in such banks, trust companies or other depositories as shall be selected in accordance with provisions of Article VII of these by-laws; and, in general, perform all the duties incident to the office of Treasurer and such other duties as from time to time may be assigned to him/her by the President or by the Board of Directors.

Section 8. Secretary. The Secretary shall keep the minutes of the meetings of the members and of the Board of Directors in one or more books provided for that purpose; see that all notices are duly given in accordance with the provisions of these by-laws or as required by law; be custodian of the corporate records and of the seal of the corporation and see that the seal of the corporation is affixed to all documents, the execution of which on behalf of the corporation under its seal is duly authorized in accordance with the provisions of these by-laws; keep a register of the post office address of each member which shall be furnished to the Secretary by such member; and, in general, perform all duties incident to the office of Secretary and such other duties as from time to time may be assigned to him/her by the President or by the Board of Directors.

Section 9. Meet Director. The meet director will be fully qualified and certified by USAG both in technical skill and safety as required by USAG guidelines and rules. The meet director will discharge all duties associated with conducting a sanctioned meet and take charge of entries, scheduling, timing, scoring and manage/supervise all activities for properly conducting a meet. The Meet Director, in general, will perform all duties incident to the office of Meet Director and other duties from time to time as directed by the President.

Section 1. Committees of Directors. The Board of Directors, by resolution adopted by a majority of the directors in office, may designate and appoint one or more committees. No such committee shall have the authority of the Board of Directors even though the Chairperson of the committee is a member of the Board of Directors. The designation and appointment of any such committee and the delegation thereto of authority shall not operate to relieve the Board of Directors, or any individual director, of any responsibility imposed upon it or him/her by law.

Section 2. Term of Office. Each member of a committee shall continue as such until the next annual meeting of the members of the corporation and until his/her successor is appointed, unless the committee shall be sooner terminated, or unless such member shall cease to qualify as a member thereof.

Section 3. Chairperson. The person or persons authorized to appoint the members thereof should appoint one member of each committee chairperson.

Section 4. Vacancies. Vacancies in the membership of any committee may be filled by appointments made in the same manner as provided in the case of the original appointments.

Section 5. Quorum. Unless otherwise provided in the resolution of the Board of Directors designating a committee, a majority of the whole committee shall constitute a quorum and the act of a majority of the members present at a meeting at which a quorum is present shall be the act of the committee.

Section 1. Contracts. The Board of Directors may authorize any officer of officers, agent or agents of the corporation, in addition to the officers so authorized by these by-laws, to enter into any contract or execute and deliver any instrument in the name of and on behalf of the corporation, and such authority may be general or confined to specific instances.

Section 2. Checks, Drafts, etc. All checks, drafts or orders for the payment of money, notes or other evidences of indebtedness issued in the name of the corporation, shall be signed by such officer or officers, agent or agents of the corporation and in such manner as shall from time to time be determined by resolution of the Board of Directors. In the absence of such determination by the Board of Directors, the President or a Vice President of the corporation shall sign by the Treasurer or an Assistant Treasurer or such instruments.

Section 3. Deposits. All funds of the corporation shall be deposited from time to time to the credit of the corporation in such banks, trust companies or other depositories as the Board of Directors may select.

Section 4. Gifts. The Board of Directors may accept on behalf of the corporation any contribution, gift, bequest or devise for the general purposes or for any special purpose of the corporation.

The corporation shall keep correct and complete books and records of account and shall also keep minutes of the proceedings of its members, Board of Directors, and shall keep at its registered or principal office a record giving the names and addresses of the members entitled to vote. Any member, or his/her agent or attorney may inspect all books and records of the corporation, for any proper purpose at any reasonable time.

The fiscal year of the corporation shall begin on the first day of June and end on the last day of May in the following year.

Section 1. Intent. It is the intent of AGPA that all members share in the responsibilities set forth by the AGPA to achieve its stated purpose. Therefore, the following requirements have been established for all members under two categories: "Participating" or "Direct Financial Support". All members must declare their intent in writing as either "Participating" or "Direct Financial Support". "Participating" members must satisfy time requirements (to be specified by the Board and approved by general membership) in order to assume lower financial obligations than "Direct Financial Support" members.

Section 2. Financial Obligations. The Board of Directors may determine from time to time the amount of initiation fee, if any, and annual financial obligations payable to the corporation by members of each class.

Section 3. Payment of Financial Obligations. Financial obligations shall be payable in advance in four installments in the months as designated by the Board of Directors. Financial obligations of a new member shall be prorated from the first day of the month in which such new member is elected to membership, for the remainder of the fiscal year of the corporation.

Section 4. Default and Termination of Membership. When any member of the "Participating" group shall be in default in the payment of financial obligations for a period of one month from the beginning of the installment month or period for which such financial obligations became payable, the parent/guardian will be notified by mail and be required to attend the next scheduled Board Meeting or be changed to "Direct Financial Support" status. If a further delinquency of financial obligation exists, the Board of Directors in the manner may thereupon terminate membership provided in Article III of these by-laws.

The Board of Directors shall provide a corporate seal, which shall be in the form of a circle with a gymnast and shall have inscribed thereon the name of the corporation as "AGPA".

Whenever any notice is required to be given under the provisions of the Massachusetts Non-Profit Corporation Act or under the provisions of the articles of incorporation or the by-laws of the corporation, a waiver thereof in writing signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice.

These by-laws may be altered, amended or repealed and new by-laws may be adopted by a majority of the Directors present at any regular meeting or at any special meeting, if at least two days written notice is given of intention to alter, amend or repeal or to adopt new by-laws at such meeting.

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September 1, 2003-August 31, 2004

The American Gymnastics Parents' Association, Inc. (AGPA) exists for the benefit of all team members. The team parents are also viewed as a team, committed to working together to see to it that any children who excel are afforded the opportunity to go as far as possible during the current gymnastic season.

The purpose of the association is to raise funds to cover competition costs, meet fees, and if possible and voted on by the Board of Directors, some portion of the expenses, in addition to those stated in this agreement, for those gymnasts who travel to Regionals, Easterns, Nationals and Elite Level meets.

FEES

Prior to the beginning of the competition season, the Annual Membership Fee and Individual Escrow Account deposit amounts will be determined by the Board of Directors. All checks can be made payable to the AGPA and placed into the Treasurer's folder located in the office.

ANNUAL MEMBERSHIP FEES

As with any organization, membership is contingent upon eligibility, and here membership starts with your athlete(s) current membership in the Brestyan's American Gymnastics Club. Although Brestyan's and the AGPA are separate and distinct corporations, your Brestyan Club membership is required for eligibility in the AGPA. In this regard, we request that your monthly payments as a member of Brestyan's be made no later than the 10^th of each month, in order to avoid complications with your AGPA membership.

Full Participating Members: The annual membership fee for the 2003-2004 competitive season will be $150.00 for members with one child. Each additional child is $75.00. This non-refundable fee must be paid in conjunction with payments to the Individual Escrow Accounts beginning on August 15, 2003. PARTICIPATING MEMBERS ARE REQUIRED TO EARN A MINIMUM OF 25 POINTS DURING THE COMPETITIVE SEASON IN ADDITION TO THIS FEE.

Direct Financial Support Members: We would, of course, prefer for everyone to be able to work with us. However, if this is not possible, then in lieu of earning the required 25 points, members may choose to pay a one-time fee of $600.00 per child for the 2003-2004 competitive seasons. This fee is in addition to the membership fee and individual escrow deposit as stated above. The entire amount must be paid in full by September 15, 2003. Should you leave the team before the end of the competitive season, a pro-rated reimbursement will be calculated. Direct Support Members receive the same benefits as Full Participating Members.

Non-Members: Those who do not wish to join the AGPA will be considered non-members.

These individuals will not be entitled to any benefits provided by the AGPA. The AGPA will provide meet registration and collect coaches' fees for non-members for a $30.00 surcharge per meet. The meet fee, the $30.00 surcharge, and an estimate of the coaches' fees must be paid before any gymnast is registered in a meet. The ownership of the gym, hereinafter referred to as "Mihai and Silvia", will provide the estimation of what the coaches' fees should be for each meet. Account reconciliation will occur at the conclusion of the meet. This procedure is for local and travel meets.

Travel Meet: If a meet fee is to be paid for a non-member child, the full meet fee (including portion of team fee if any), estimate of coaches' fees (airfare and lodging), and $30.00 surcharge will be collected before meet registration occurs.

Local Meet: If a meet fee is to be paid for a non-member child, the full meet fee (including portion of team fee if any), estimate of coaches' fees (per diem and mileage), and $30.00 surcharge will be collected before meet registration occur.

Non-Members will be required to share in the cost of AGPA Sponsored Events i.e. Brestyan's American Classic, Banquet, Holiday Party, Etc. The AGPA Board of Directors will determine this amount for each event.

INDIVIDUAL ESCROW ACCOUNTS

Individual Escrow Accounts can be used by you to pay for your meet fees and coach's fees for the season. The amount you should budget to these accounts is based on a tentative meet schedule provided by the gym. For the 2003-2004 competitive season, it has been determined that an initial amount of $200.00 be paid into your Individual Escrow Account. Any monies left in your escrow account at the end of the year will be carried forward to the next season. If your account balance goes below $50.00 at any time, you will be notified in writing that your escrow balance is low and asked to bring it to a minimum of a $100.00. Monies that are in the gymnast's Individual Escrow Account will be refunded in full, ONLY if the gymnast leaves the gym.

MEMBER PAYMENTS

All membership payments must be paid according to the following schedule:

8/15/03 $400.00 $100.00 $200.00

9/15/03 $400.00 $100.00 $200.00

10-15-03 $75.00 $75.00 $150.00

11-15-03 $75.00 $75.00 $75.00

Total $950.00 $350.00 $625.00

It is important to remember that all payments be kept current in order for the AGPA to pay fees for the gymnasts. Accounts that fall more than 30 days behind may forfeit membership privileges for upcoming meets. Financial hardships should be directed to the attention of the Treasurer for alternative arrangements. As always, such matters will be kept in the strictest confidence.

For gymnasts who become USAG competing team members AFTER 01-01-04, the membership fee will be $75.00 plus a minimum of 15 points earned. Those gymnasts will also be required to bank $100.00 to their Individual Escrow Accounts. These payments will be due as follows:

Date Amount Due

However, if you know that your gymnast will begin competing in January of 2004, you are more than welcome to begin earning your points at any time.

The General Fund of the AGPA is used to pay coaches fees for local and travel meets for AGPA Members as per the Annual Memorandum of Understanding between AGPA and the owners of American Gymnastics. Any travel or hotel expenses for a coach will be equally divided among the number of gymnasts attending a particular meet. That amount will automatically be deducted from each gymnast's Individual Escrow Account (AGPA Members). If the balance in that account falls below the amount due, you will be notified in writing and billed accordingly. You will have one month to rectify the situation and bring the balance of your escrow account back above $100.00. Failure to comply will result in suspension of AGPA benefits.

Our goal for the 2003-2004 competitive season is to pay for the following itinerary in full from monies of the General Fund:

3 Invitational Meets (in Full) All Levels

1 State Meet (Spring) All Levels, except Elite

1 State Meet (Winter) Levels 5 & 6

1 Zone Meet Elite

25% Coaches' Fees per meet All Levels

• The above-mentioned [meets] and coaches' fees will be paid for out of each gymnast's Escrow Account, as the meet fees and coaches' fees are due. Each gymnast's Escrow Account will be reimbursed in mid-February out of the General Fund for these expenses. This will allow for "Points Earned" to be tallied, so that each account is credited with the correct percentage of the General Fund Allotment.
• If a gymnast is injured and does not attend 3 Invitationals during the season, the amount of the meet fees for the meet(s) not attended will be credited to the gymnast's Individual Escrow Account.
• The 25% of Coaches' Fees will not be credited to the gymnast's escrow account if the gymnast does not compete in a meet.

To earn these benefits for their gymnasts, a parent or legal guardian is expected to volunteer to earn a minimum of 25 points during the competitive season, or join the association as a direct financial member in lieu of the 25-point commitment. As part of this commitment, each member must work a minimum of two sessions at our Annual Invitational and any post-season State/Regional meet that we, as an association host. This commitment may be amended at any time if additional sessions are added to a meet, so that adequate coverage will be assured. Chair people should plan on attending both days of our Annual Invitational (unless approved in advance by the Meet Director). In addition to this, ALL team members must commit to one session at any of the home qualifiers scheduled during the competitive season. Parents and gymnasts will both earn points for their commitment at the above mentioned meets (see index of points). Please be assured that we will work with your family's schedules to assist you in making these commitments

Points can be earned in a variety of ways to reach the desired level of 25 points. A list of various activities with point values is included. The Vice President will keep track of points earned. Please be sure to confirm "approval of points to be earned" beforehand with the Vice President to avoid any conflicts and/or confusion.

$10.00-$24.99 1 point

$25.00-$49.99 2 points

$50.00-$99.99 3 points

$100.00-$249.00 4 points

$250.00-$499.99 5 points

$500.00+ 10 points

POINT SCALE

In early February after our meet, the Ad book and many of our other fundraisers have been completed; each gymnast's points earned will be examined to evaluate how many points have been accumulated. Each AGPA member will be notified of their points earned to date and their expected % of General Fund Allotment they will receive. Please keep in mind, that after our meet in January, there will not be a lot of ways to earn more points.

The payout scale for points earned is as follows:

Points Earned AGPA Payout

0-5 points 0%

6-10 points 20%

11-15 points 40%

16-20 points 60%

21-24 points 80%

25 points 100%

Example: If an AGPA member has earned 16 points, that member is entitled to receive 60% of a full share payout. When the AGPA is ready to reimburse the individual escrow accounts in mid-February for the meets that it promised to pay, this particular member will receive 60% of the amount owed towards the meets.

This point system is to reward those who have accumulated their necessary points and prevent the AGPA from paying for those who have not.

**Any AGPA Member accumulating 50+ points will be entitled to have 50% of their coaches' fees paid for. The AGPA member's Individual Escrow Account will be credited with this additional money.

AGPA members will not be eligible for any portion of an AGPA General Fund Allotment, if their membership dues or escrow payments are not current. Once an account is made current, that member will be reinstated to receive their General Fund Allotment.

No membership will be renewed for the following season that has a negative balance and is not paid in full by the end of the organization calendar year (August 31, 2003).

The Board of Directors will review the status of the Parent's Association General Fund in February of each year and make every attempt to assist those gymnasts, who are members in good standing, that have qualified for post-season competitions.

Throughout the year the AGPA will be hosting a variety of fundraising events to help defray the costs of this very competitive sport.

The Board of Directors has decided that the incentive fundraising goal for each AGPA Member this year will be $150.00 to the General Fund. All AGPA Members will work to fundraise their $150.00 obligation before any money will be deposited into their Individual Escrow Account. After the $150.00 obligation is meet, all other money fundraised will be split 50/50 between the General Fund and the AGPA member's Individual Escrow Account.

Example: A member sells $200.00 worth of raffle tickets for a TV. The cost to purchase the TV per member is $20.00. That leaves $180.00 to split up. The first $150.00 goes to pay the member's fundraising obligation. The remaining $30.00 is split 50/50 between the General Fund and the member's Individual Escrow Account ($15.00 into each). Any future fundraising dollars earned this season will be split 50/50 between escrow and the General Fund.

Any AGPA member that does not want to fundraise may write a check for $150.00 to the General Fund at any time during the current season. An AGPA member's fundraising obligation must be satisfied to be eligible for any "Pursuit of Excellence" Awards. If the $150.00 fundraising obligation is not met during the competitive season, a written notice will be given to pay the amount owed.

Fundraisers that involve the entire gym, i.e. Annual Invitational, home meet, car wash, yard sale, etc. will only benefit the General Fund.

In cases where there is more than one gymnast in a family, the parent or legal guardian will determine into which child's account the money is to be deposited. It is the responsibility of the parent or legal guardian to notify the Treasurer of this decision in writing. Members may apply any of the monies earned through a fundraiser to satisfy any gym related expenses (airfare, hotel, meet fees etc.).

AGPA members can expect the AGPA to run 3-4 Incentive Fundraisers this year, depending on membership involvement (TV Raffle, Computer Raffle, Golf Tournament, Ad Book, etc).

PURSUIT OF EXCELLENCE AWARDS

It is the purpose of this association to help defray the costs of this expensive sport and allow qualifying gymnasts the ability to compete in competitions that they qualify for because of gymnastic excellence. It is also recognized that the association should cap these monetary awards so that the association is not bankrupted.

The AGPA will pay the meet fees for all post-season meets beyond states for all levels, as long as the funds are available within the General Fund. This includes:

Regionals for level 8 gymnasts

Regionals and Easterns for level 9 gymnasts

Regionals and Nationals for level 10 gymnasts

1 Challenge Meet and US Championships for elite gymnasts

Around March 1^st, the AGPA Board of Directors will put aside 15% of the funds earned by the association, up to this point in the competitive season, to be distributed to the athletes that qualify for: Level 9 Easterns

Level 10 Nationals

Elite Challenge (Elites)

US Championships (International Elites)

This money will be divided up equally among the gymnasts that qualify for the above-mentioned meets. The money will be distributed according to the "point payout scale" earned by each gymnast. This money will be given to help pay for airfare, lodging, and coaches' expenses. Again, the amount given to these select gymnasts is not to exceed 15% of the money the association made for the year as of March 1^st.

**As a result of past situations, no gymnast will be entered into any post-season meet beyond states by the AGPA that has a negative escrow account balance as of March 1st. Individuals will be notified in writing in order to rectify the situation. Also, an estimate of all coaches' fees will be collected from all gymnasts before a gymnast is entered into any post-season meet beyond states. The Board of Directors with the input of Mihai and Silvia will determine the estimation of coaches' fees. An account reconciliation will occur at the conclusion of the meet.

This practice is necessary to prevent the association from losing money from gymnasts that leave the gym after the competitive season without paying their debt to the association.

MEETINGS

Meetings will be held on a monthly basis on the 1^st day of every month. If the 1^st falls on a weekend, the meeting will be held on the following Monday. A list of meeting dates has been posted in the gym. A meeting location will be announced prior to each scheduled meeting.

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