LAKERS HOCKEY CLUB ASSOCIATION INC

THE PURPOSE OF THIS CORPORATION SHALL BE TO PROVIDE THE BEST INTEREST OF AND TO ENHANCE THE EDUCATION AND SOCIAL OPPORTUNITIES OF THE STUDENTS ATTENDING GRAYSLAKE COMMUNITY HIGH SCHOOL DISTRICT 127, COMMUNITY HIGH SCHOOL DISTRICT 117, GRAND COMMUNITY HIGH SCHOOL DISTRICT 124 AND ANY OTHER ASSOCIATE SCHOOLS IN THE EVENT OF A "COMBINED TEAM" STATUS FOR ANY SEASON AS APPLICABLE. BY FORMING AN ICE HOCKEY CLUB, THE CORPORATION BELIEVES THE CLUB WILL HELP THE DEVELOPMENT OF THE STUDENTS THROUGH ORGANIZED SPORT, PROPER SOCIAL ENVIRONMENT AND CULTURAL EXPOSURE; FOSTER FRIENDSHIP, CAMARADERIE, AND SCHOLASTIC ACHIEVEMENT, DISCIPLINED CONDUCT, SPORTSMANSHIP, AND PROMOTE AND REGULATE ICE HOCKEY FOR ALL THE STUDENTS AS APPLICABLE IN A COMPETITIVE ENVIRONMENT. IT WILL ALSO BE THE PURPOSE OF THIS CORPORATION THAT ALL FUNDS RECEIVED AS INCOME WILL BE UTILIZED EXCLUSIVELY TO SUPPORT, MAINTAIN AND GROW THE LAKERS HOCKEY CLUB ASSOCIATION. AT NO TIME SHALL THE NET EARNINGS OF THE CORPORATION BE USED TO BE