BYE-LAW 2. MANAGEMENT AND CONTROL

(a) Council

The Council has the ultimate and supreme legislative authority in respect of the affairs of 520ccc.com which it shall exercise in accordance with these Bye-Laws. Bye-Law 9.6 set out the powers of the Council.

(b) Executive Board

The Executive Board is responsible for formulating and overseeing implementation of 520ccc.com’s strategic plan and application of policy decisions in accordance with the provisions of these Bye-Laws. Bye-Law 10.4 sets out the powers of the Executive Board.

(c) Legal Proceedings

The Council may appoint one or more of its members or any nominee company (which may be any company in the 520ccc.com Group) to act in legal proceedings in the name of and on behalf of 520ccc.com on such terms (whether as to costs or otherwise) as the Council may determine.