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First Change of Location takes effect (i.e. the requested change of location would be effective prior to the fifth edition of the Tournament in its current location) and the Board of Directors approves the request (a “Second Change of Location”), such approval shall be subject to payment of a fee in accordance with the below schedule. The Board of Directors retains the discretion to waive or reduce such fee and/or collect all or part of the fee in installments. 

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If a member makes a request for a change of location for a membership within five (5) years after the start of the calendar year in which an approved Second Change of Location takes effect (i.e. the requested change of location would be effective prior to the fifth edition of the Tournament in its current location), the WTA will have the right to purchase such membership at a price equal to the average purchase price paid solely for memberships of the same Tier level and within the same geographic region (i.e., Americas, Europe, or Asia-Pacific) over the same 5-year period. If the Board of Directors elects not to exercise the right to purchase such membership and approves the request (a “Third Change of Location”), such approval shall be subject to payment of a fee in accordance with the below schedule. The Board of Directors retains the discretion to waive or reduce such fee and/or collect all or part of the fee in installments. 

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If a member makes a request for a change of location for a membership within five (5) years after the start of the calendar year in which an approved Third Change of Location or any subsequent change of location takes effect (i.e. the requested change of location would be effective prior to the fifth edition of the Tournament in its current location), the WTA will have the right to purchase such membership as set out above for a Third Change of Location or, in the alternative, if the Board of Directors elects not to exercise the right to purchase such membership and approves the request, such approval shall be subject to payment of double the full amount of the fee applicable to the immediately prior change of location. The Board of Directors retains the discretion to waive or reduce such fee and/or collect all or part of the fee in installments. 

The following shall not be deemed a change of location for the purpose of this Section 4: (a) a change of venue within 125 miles of the original venue unless otherwise determined by the Board of Directors; (b) Tournaments which have 

