Page 6 - Odessa Country Club By-Laws Book

Membership may be converted to a Stockholding Personal Membership (with
proper authorization from the company); however, this membership may not be
converted to a Stockholding Company Membership again unless the Stockholding
Personal Member owns at least fifty percent (50%) of the said company.
(c) Junior Member: Junior Members shall be those persons twenty-one (21) to
thirty-five (35) years of age, [based on the age of the older of the couple, if
married] who are eligible for membership under these By-Laws. Said member
shall be entitled to the use of all the facilities of the Club, but shall have no right to
vote or hold office and shall have no vested right or interest in the Club or its
assets. A Junior Membership shall be automatically converted to a Stockholding
Personal Membership at the thirty-fifth (35th) birthday [based on the age of the
older of the couple, if married]. Upon conversion to a Stockholding Personal
Membership the Junior Member shall pay any remaining initiation fee due as
dictated by procedure approved by the Board of Directors. If payment of
remaining initiation fee is deferred as dictated by procedure approved by the
Board of Directors the membership shall not be considered stockholding until the
remaining initiation fee is paid in full. Should the Junior Member decide not to
convert to a Stockholding Personal Membership written notice must be provided to
the Club within thirty (30) days following the 35th birthday. At such time as said
notice is received by the Club the Junior Member shall cease to be a member of
the Club and shall forfeit all sums paid for the membership to date.

A Junior Membership, after conversion to Stockholding Personal Membership
status, may transfer to a Stockholding Company Membership as the original
purchaser and user by paying the appropriate fees as set by the Board of
Directors.

(d) Senior Stockholding member: A dues-paying Stockholding Personal Member (not
spouse) who has obtained the age of seventy (70) and has paid regular monthly
dues for a minimum of twenty (20) years may upon request be granted a Senior
Stockholding Membership. The dues shall be adjusted annually for the upcoming
year by action of the Board of Directors.

A Stockholding Company Membership may be converted to a Senior Stockholding
Membership provided the user of the Stockholding Company Membership has
attained the age of seventy (70) and has paid regular monthly dues for a minimum
of twenty (20) years. This transaction must be authorized by the company, and
there is no transfer fee. This entitles the person to be able to convert to senior
status.

(e) Expanded Company Member: Expanded Company Members shall be those
members expanded from a Stockholding Company Membership. The
Stockholding Company shall be entitled to have up to four (4) Expanded
Memberships for each Stockholding Company Membership. The company will be
responsible for any
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