Continuous Amendments to PYK Membership Terms and Conditions

14 • If you do not pay your Membership Contribution in any particular Month you may lose your entitlement to the Basic Benefits. • A Receipt will be provided to you as a Member upon payment of a Membership Contribution. • You must never pay a Membership Contribution unless a Receipt is issued. • As a Member you are responsible for retaining the Receipt as evidence of the payment of the Membership Contribution. • You are not required to, and must never, pay more than the amount specified on the Receipt . You must at all times ensure that the correct amount as specified on the Receipt is paid for that Receipt. • The Receipt must be inserted into the Payment Receipt Booklet in the correct year and Month of payment. • Any detection of misrepresentation or fraud in respect of Receipts may influence entitlement to the Basic Benefits, and may result in a forfeiture of Membership. • You are not allowed to pay more than two Membership Contributions in advance. • In the event that you as a Member die, the Trust shall refund any Membership Contributions paid in advance to the Beneficiary , into the bank account nominated by the Beneficiary. • Membership Contributions paid on or after the date of death or the date of disability, whichever is applicable, are not taken into account for determining Good Standing. • Where a Membership Contribution has been paid, such Membership Contribution shall not be refundable for any reason whatsoever, subject to a cooling-off right of 31 (thirty-one) days from the date of payment of the first Membership Contribution as explained below.