Articles of Association of
World Instant Noodles Association (2 of 2)

1. A General Meeting shall in principle be held once every two years.
2. The General Meeting shall in principle be hosted in turn by the companies which are acting as Governors.
3. A Governor who wishes to host a General Meeting shall obtain approval from the Board of Governors by proposing the meeting location.
4. An Extraordinary General Meeting shall be held as the Chairman or the Board of Governors deems necessary.

1. The Board of Governors is the decision-making body of the Association.
2. The Board of Governors shall be convened at the same time as the General Meeting or whenever the Chairman or a one-third of Governors deems necessary. The Chairman shall convene the meeting and the Director General shall steer the meeting.
3. The Board of Governors is duly constituted when a two-thirds of Governors, including presence by proxy, are present.
4. Each Governor has one vote (one vote for a country/region), and the Board of Governors requires a two-thirds vote to the resolution.

The Association shall have working-level committees, which hold business meetings at least once a year to ensure the smooth operation of the General Meeting (World Conference), the Board of Governors and other activities of the Association. The Association shall establish sub-committees as necessary to facilitate its activities.

The fiscal year of the Association shall extend for a two-year period from January 1 to December 31 of the following year.

1. The general expenses of the Association shall be covered by initiation fees and membership fees paid by the Members as specified below.
   
   A: Initiation Fee
   

   (1) Governors:	US$	10,000
   (2) Regular Members:	US$	1,000
   (3) Associate Members:	US$	500
   (4) Special Members:	US$	500

   B: Membership Dues (for a two-year period)
   

   (1) Governors:	US$	7,000
   (2) Regular Members:	US$	1,000
   (3) Associate Members:	US$	500
   (4) Special Members:	US$	500

2. In addition to the above, the expenses of performing the activities described in Article 6 shall be separately decided by the Board of Governors.

If a Member fails to pay its membership dues or fails to perform other duties required by the Association, upon a resolution by the Board of Governors, such Member shall be deemed to have withdrawn from the Association,. In such a case, the Association shall submit a withdrawal notification to such Member and shall not refund either the initiation fee or the membership fee.

The secretariat office of the Association shall be located at Nissin Food Products Co., Ltd., Tokyo head office (28-1, Shinjuku 6-Chome, Shinjuku-Ku, Tokyo 160-8524, Japan).

The Articles of Association may be revised if so resolved by the Board of Governors.

The Articles of Association shall become effective on February 27, 2007.