TITLE V - TERMINATION AND GENERAL PROVISIONS

ART. 17 (Closure)
Once dissolution of the consortium has been approved, the Assembly appoints a liquidator to carry out all the procedures necessary for closure; the liquidator also represents the Consortium in court, and is entitled to reach agreements regarding active and passive arrears. After complete liquidation, the surplus from the Consortium fund and from the reserve fund is allocated to the Consortium members in proportion to their Membership quotas.

ART. 18 (Dissolution of the Consortium)
If the Consortium is dissolved:
a) due to expiry of its agreed duration;
b) due to achievement of its objectives or to inability to achieve them;
c) by unanimous decision of Members;
d) by a majority vote of the Consortium Members for a just cause;
e) for other legal reasons;
f) when the number of Members falls below 5;

The Members' Assembly declares the dissolution of the Consortium and appoints a liquidator to liquidate the Consortium and the Consortium funds.
Otherwise, the liquidator is appointed by the Board of Directors. The liquidators may carry out all the procedures necessary for closure, and may also sell all the goods making up the Consortium fund and carry out transactions. They represent the Consortium in court. When liquidation has been completed and any liabilities have been extinguished, the liquidator draws up the final accounts and distributes any surplus among the Consortium Members.

ART. 19 (Arbitration)
Any dispute which may arise between Consortium members in relation to this Consortium Statute, is subject to the sole and final discretion of the Arbitration Tribunal at the Bari Chamber of Commerce.

ART. 20 (Privacy)
Consortium Members must not divulge data and information regarding the Consortium, except in the cases consented by law.