Page 20 of 35 (D) $9,000.00 in fights in which the combined purses of the boxers exceeds the sum of $3,000,000.00 and is up to $5,000,000 plus $7,000 for Welfare Fund. the $10,000.00 in fights in which the combined purses of (E) boxers exceeds the sum of $5,000,000.00 plus $10,000 for Welfare Fund. (F) The above notwithstanding, the Promoters Sanction Fees for a Unification or Unified Championship in the Heavyweight Division shall be $15,000 plus $10,000 for Welfare Fund

The Welfare Fund is devoted solely to the notfor-profit purposes of the World Boxing Organization. d) Sanction Fees are due whether or not a Championship is awarded: In the event a sanctioned fight results in a no contest or a sanctioned fight is held as an overweight fight, all sanctioning fees are due regardless of whether a Championship is awarded.

f) It shall be the responsibility of the Promoter who receives the WBO Sanction to collect from the contestants and remit to the WBO all fees owed pursuant to these Rules. SECTION 17. REGISTRATION PROMOTERS

ANNUAL WBO (a) A promoter who is not registered with the World Boxing Organization as a Promoter and who has not paid its annual registration fee cannot promote WBO World Championship contests or participate in the bids on WBO World Championships. The Promoters Annual Registration Fee is US $1,000.00 if paid WBO Regulations of World Championship Contests Adopted by Resolution of Executive Board 180301 Page 21 of 35 on or before January 31 of the current year and US $1,500.00 if paid after January 31 of the current year. (b) the World Championship the Committee shall have the authority and be responsible for collecting all registration fees from the promoter and all sanction fees regarding WBO World Championship fights and shall remit them to the Treasurer of the Organization. The WBO President and/or the Chairman of SECTION 18. RETURN FIGHTS