RULES AND REGULATIONS OF THE 0) INTERNATIONAL BOXING ASSOCIATION

(Effective as of September 1, 1996)

AND PARTICIPATION AGREEMENT

This Agreement 1s entered into effective this______ day of 20_between......

(hereinafter "Fighter) and International Boxing Corporation, Inc. (hereinafter "lBA").


 

RECITALS

The IBA was formed to advance the sport of professional boxing in the United States and around the world. It is the goal of the IBA to recognize and supervise the administration of championship fights that benefit the boxers involved, appeal to the boxing fan, and are attractive  to boxing promoters.

To achieve these goals the IBA .intends to provide to the boxing public intriguing Matches featuring fighting champions who  defend their titles. Moreover, challengers to IBA titles are not chosen based on their world ranking, which may or may not be

deserved. Rather, the right to challenge for a title is awarded to fighters who deserve, based on their boxing accomplishments an opportunity to contend for a title.

In addition, the IBA intends to be a "fan friendly" sanctioning body and consequently will not tolerate any conduct which impinges on the integrity or image of boxing or the lBA.

AGREEMENT

In furtherance of the above stated goals and in consideration of the right to participate in IBA sanctioned matches, the Fighter agrees as follows:

1. If Fighter is the holder of an IBA title, he must defend that title at least once every 90 days unless:

      A. Fighter has a legitimate medical excuse, substantiated by a medical physician, for his inability to defend his title within the time prescribed above or

2. Fighter must participate in any matches that are deemed by the championship committee of the IBA or  the President of the IBA to be an enhancement to both the IBA and the Fighter,  unless

      A. Fighter has a legitimate medical excuse substantiated by a licensed physician, for his inability to participate in the above described matches or
 

      B. Fighter is expressly excused from participating in the  above described matches in writing by the President of the IBA, Dean Chance.

3.  All title challengers must be approved by the ratings chairman of the lBA.

4.  The IBA may revoke any lBA title held by Fighter for failure to comply with Sections   1, 2, or 3 above.

5.  The IBA may revoke any IBA title held by the fighter if fighter engages in conduct detrimental to the sport of boxing or the IBA.

6.  If a title is vacant for any reason, the lBA may approve 2 challengers to compete for the championship.

7.  The fees for lBA title fights as of the date of this agreement are as follows:

               A. World Title:
 

               B. Intercontinental Belt

         B. Americas Belt

     E.  Fees are payable to the International Boxing Association, 9505 W.Smithville-Western Road, Wooster, Ohio 44691, at least 10 days before the date of the title match.

8.   The above clauses constitute the rules and regulations of the IBA. The IBA reserves the right to modify or create exceptions to the rules and regulations without notice. In addition to the rules stated herein, the IBA and Fighter will make every effort to conform to the rules and regulations of the local state or national boxing commission, under whose supervision each individual bout may take place. 

9.  Fighter has not relied on any promises or statements which are not reflected in this agreement.

10.  The laws of the State of Ohio will govern the Agreement and any dispute arising out of the Agreement.

11.  Fighter comments to the personal jurisdiction of the courts of the State of Ohio for any disputes arising out of this Agreement.

This agreements executed by the parties hereto as of the data set forth in the first paragraph hereof.

___________________________________________________________
Dean Chance,  President,  International Boxing Association, Inc.

___________________________________________________________
Fighter                                                    Manager