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(1)
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The
contribution by the member states to the capital of the corporation shall be
in accordance with the proportions set out in the appendix attached to this
agreement.
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(2)
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However,
after the lapse of two years from the date of commencement of the operations
of the space sector, the following points shall be given effect to:
(a)
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The
subscription shall be in proportion to the actual use of the space sector by
member states.
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(b)
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The states,
which have not yet used the space sector on account of the incompletion of their
ground stations, shall have the minimum subscription.
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(3)
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A member
state of the corporation may call for its subscription, as is set out in the
appendix attached to this agreement, to be reduced after submitting an
application to the General Body Meeting which will decide upon the
redistribution of the shares thus waived.
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(4)
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In all cases
the minimum subscription shall be of one share.
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(5)
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The
proportional subscription set out in the appendix attached to this agreement,
shall be reviewed in the event of a new member joining the corporation or the
increase of the capital or the withdrawal of a member after a resolution by
the General Body Meeting.
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