Memorandum of Understanding

This document together with its appendices and the documents referred to in clause 15 below, forms the LINX Memorandum of Understanding (the “MoU” and referred to from time to time as “this Agreement”), which together with the Memorandum and Articles of Association governs membership of LINX.

The MoU sets out:

• the terms on which LINX provides its services to its members,
• the terms on which an individual or organisation can become a LINX member or associate member, and
• the commitments LINX members and associate members make to LINX.

Once the Membership Agreement or Associate Membership Agreement has been signed by both you and by LINX this MoU will be a binding agreement between you and LINX. Notwithstanding any other term of this MoU, this MoU does not create or give rise to any enforceable rights as between LINX members.

This MoU can be amended unilaterally by LINX by a majority vote of the LINX members or in some circumstances by the Council of Management (as set out in clause 14 of this MoU). Such amended version(s) of the MoU shall automatically be binding on both you and LINX.

This MoU is put in the public domain to help organisations that wish to join LINX understand what LINX is, and what those who wish to join will need to be and need to do.