NAPM-Memphis, Inc.

NAPM-Memphis is a not-for-profit corporation organized and operated not for pecuniary profit, but exclusively for educational purposes within the meaning of Section (501 (c)(3)) of the Internal Revenue Code (hereinafter referred to as the “Code”), and in the connection, the purposes for which NAPM-Memphis shall be organized and operated are as follows: (a) To foster and promote interchange of ideas and cooperation among its members. (b) To promote the study, development, and application of purchasing management and supply management, including improved procurement or purchasing methods and practices and all matters related to the foregoing (hereinafter referred to as "the purchasing management and supply profession"). In the accomplishment of these purposes, it shall be the policy of NAPM-Memphis to comply at all times with all existing and future laws, including the antitrust laws, and in furtherance of this policy, no activity or program shall be sponsored or conducted by or within NAPM-Memphis which in any manner whatsoever shall represent or be deemed a violation of any existing or future law, including the antitrust laws, all in accordance with the ISM Statement of Antitrust Policy and Guide for Antitrust Compliance, as amended from time to time by the Board of Directors of ISM.