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spouse of a deceased Member, or the son or daughter of a voting Member. Any such application
by a spouse, son or daughter shall be placed at the head of the waiting list and shall be given first
priority, (except for others similarly situated).

3.2.4. Voting Membership. Such Memberships shall include - the Equity Memberships,
with exception of those members electing exemption under Article 5.1 (a) hereunder.

3.2.5. Non-equity Membership. Temporary Non-equity Memberships shall include all
Memberships other than voting Memberships.

3.2.6. Divorced Members. In the event of a divorce, the membership in the Club shall
remain in the name of the person who was approved by the Board for membership, unless
decreed otherwise by terms of the divorce and approved by the Board. The remaining party may,
within six (6) months apply for membership in the Club, and if approved by the Board, become a
Member, upon the payment of the appropriate initiation and other fees and the purchase of a
Certificate of Membership.

ARTICLE IV
RESIGNATION, SUSPENSION AND EXPULSION

4.1. Resignation of Membership. A Member may resign by written notice to the Club. If
the resignation notice is received by the Club before the sixth (6th) day of the month, the
resignation shall be effective the last day of the same Month. If the resignation notice is received
by the Club on the sixth (6th) day of the month or after, then the resignation shall be effective on
the last day of the month succeeding the month of receipt. To be effective, the notice of
resignation must be accompanied by tender to the Club of the Membership Certificate held by
the Member, if any, properly endorsed to the Club, and payment in full of all open accounts with
the Club, after which the resignation shall become effective and all privileges of the Club shall
terminate. Should the resigning Member be delinquent, the Board, at its discretion, may accept
the resignation and use such collection remedies as are provided in these By-laws or as are
otherwise necessary in its absolute discretion including, but not limited to, the right of offset
against any refund or redemption proceeds, if any, due the Member upon surrender of a
Membership Certificate. All such remedies shall be cumulative and the use of any remedy shall
not be deemed to be an election to forebear the pursuit of any other remedy.

4.2. Suspension or Expulsion. Any Member may be suspended of expelled by the Board for
non-payment of indebtedness to the Club over thirty (30) days. For any other cause, a Member may
be expelled or suspended or other appropriate action may be taken (including, but not limited to,
fines or reprimands), by a vote of two-thirds (2/3rds) of all the Members of the Board.

4.3. "Cause" Defined. The term "cause" for purposes of paragraph 4.2 hereof, shall include,
but not be limited to, disorderly conduct at the Club; conduct endangering the good order, welfare or
character of the Club; violation of these By-Laws or the Rules and Regulations promulgated by the
Board; and being deemed "financially irresponsible" as defined in paragraph 5.5 of these By-Laws.

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