ATTACHMENT "A" to No 10.144 OF THE COLLECTION.
STATUTE OF THE ASSOCIATION "ENTE FIERA NAZIONALE DEL TARTUFO BIANCO D'ALBA".

DENOMINATION OBJECT HEAD OFFICE

Art. 1
An Association called “ENTE FIERA NAZIONALE DEL TARTUFO BIANCO D'ALBA" shall be established.
The Association shall be non-profit.

Art. 2
The scope of the Association shall be to undertake activities pertaining to the organisation of the Fiera Nazionale del Tartufo Bianco d’Alba and of promotional events in favour of the City of Alba.
The Association can also undertake and participate in activities directly connected with its institutional function.

Art. 3
The Association shall have its Head Office in Alba, Piazza Risorgimento, 1.

ASSETS

Art. 4
The assets shall be made up as follows:
a) by the initial assets deposited at the time of the constitution;
b) by the membership fees, and possible voluntary contributions by the members, which may be requested in connection with the requirements and functioning of the Association;
c) by contributions of public bodies and other physical and juridical persons;
d) by possible allocations, donations and legacies;
e) by possible income for services rendered by the Association.

MEMBERS

Art. 5
Shall be founding members of the Association: the Municipality of Alba, the Associazione Commercianti Albesi and the Giostra delle Cento Torri of Alba.
In the course of the activity of the Association those juridical persons, associations and bodies who share its aims may join the Association and, subject to a motivated request, may be admitted by the Managing Committee. On admission the members shall pay the relevant membership fee. On first entry the membership fee is established in Euros 100.00. Members who have not presented their resignation in writing within the 30th of October of each year shall be considered associated for the following year and obliged to pay the annual membership fee.
Among the members there shall be a standard code of discipline concerning membership relations and association procedures.
Association on a temporary basis shall be expressly excluded.

Art. 6
The right to membership shall be relinquished through resignation or exclusion.
Exclusion shall be decided upon, and motivated, by the Managing Committee and in any case, shall take place whenever a members falls in arrears for more than six months with the payment of the membership fees, or for having carried out activities in contrast or in competition with the scope of the Association. That is, the member does not comply with the statutory dispositions, or with the regulations or decisions of the assembly and of the Management Committee.
Such provisions shall be communicated to the member declared to be forfeit, who, within thirty days of such a communication, may appeal to the Assembly by registered mail addressed to the President of the Association.

Art. 7
Association Bodies:
- The Assembly of Members
- The Managing Committee
- The President
- The Board of Auditors

ASSEMBLY

Art. 8
The Assembly is formed by the members.
The Assembly shall be convoked by the President. In first convocation, its constitution and deliberations shall be considered valid only if at least half of the members are present or represented. Decisions shall be taken by majority vote.
In the case of a second convocation, the Assembly shall be valid no matter the number of members present or votes cast and decisions shall always be taken by simple majority.
Decisions concerning amendments to the Statute shall require that at least two thirds of the members vote in favour.
The Assembly shall meet at least once a year to approve the balance sheet.
It shall be the responsibility of the Assembly to decide upon:
- the approval of the budget estimate and final balance sheet;
- the appointment of the President;
- the appointment of the Managing Committee;
- the appointment of the Board of Auditors;
- the establishment of the annual membership fees;
- the approval and amendments to the Statute and to the Regulations;
- any other matter that the Managing Committee may wish to submit.
The President shall be appointed following a nomination by the Mayor of Alba, while it is the responsibility of A.C.A. (Associazione Commercianti Albesi) to designate a member of the Managing Committee.
The annual membership fee shall not exceed the amount of Euros 500.00.
The components of the Managing Committee may also be chosen among the non-members. In such case the Assembly shall give priority choice to the nomination made by the Ente Turismo Alba Bra Langhe Roero.
The Assembly shall be convoked in writing and the convocation sent to each member at least five days prior to the date foreseen for the meeting.
Each member may not be represented by another member.

ADMINISTRATION

Art. 9
The Managing Committee composed of a minimum of three and a maximum of five members shall be elected by the Assembly. It shall remain in office for three years and its members may be re-elected.
The Managing Committee shall have full powers in respect of ordinary and extraordinary administration related to the management of the Association, with the exception of those powers the law and the Statute reserve to the Assembly. It shall draw up the budget estimate and final balance sheet and submit them to the approval of the Assembly. It shall propose the amount of the membership fees and establish the procedures to secure the funds required to cover the ordinary and extraordinary operating expenses.
The Managing Committee may nominate scientific Committees and any other organ that it considers necessary for the activities of the Association, establish their tasks and possible fees.
The Managing Committee may also delegate part of its authority to one or more members of the same Committee.
The Managing Committee may draw up a set of regulations to organise and control the activity of the Association that shall have to be submitted to the Assembly for approval.
The Management Committee shall take decisions by the absolute majority of its members; it shall be convoked by the President or, in his absence, by the Vice President.
The Managing Committee shall be convoked without specific formalities at least 24 hours before the meeting.
The Administrators shall receive reimbursement for expenses incurred in the exercise of their functions as well as any emoluments decided upon by the Assembly of Members.

PRESIDENT

Art. 10
The President, and in his absence or impediment, the Vice President, shall be the legal representative of the organisation in respect of third parties and in a court of law and shall implement the decisions of the Managing Committee.

BOARD OF AUDITORS

Art. 11
A Board of Auditors shall be nominated whenever the Assembly deems it necessary. It shall consist of three members with appropriate professional capabilities, though not necessarily members of the Association, whose function shall be to control the soundness of the management activities in respect of the Law and according to the Statute, and to submit an annual report at the time of the approval of the final balance sheet.

BUDGET

Art. 12
The financial year shall end on 31 December each year. By the 30th of June the Managing Committee shall submit the Balance Sheet of the Association to the Assembly.
Any profits or operating surpluses shall be utilised exclusively for activities mentioned under Article 2. above,
Throughout the mandate of the Association profits or operating surpluses, as well as reserves and capital funds shall not be distributed, not even directly, unless the destination or distribution thereof are imposed by Law.

Art. 13
The Association shall be dissolved in accordance with the terms of Article 27 of the civil code:
- when the assets have become insufficient as regards to the scope of the Association;
- for the other causes referred to in Article 27 of the civil code.
In case of dissolution, whatever the reason, the assets shall be donated to the Municipality of Alba according to procedures established by the Managing Committee.

CLOSURE REGULATIONS

Art. 14
For any matter not foreseen by the present Statute reference shall be made to the civil code and relevant laws.
Alba, 18th July 2003.
Signed original:
Giuseppe Rossetto
Gian Giacomo Toppino
Verney Piercarlo
Gianluigi Borro Notare Public