TOURNAMENTS  SECTION XII - WTA TOURNAMENT MEMBERSHIPS approval, acceptance, or other action with respect to the proposed  Lease, (ii) the identity of each party to the Lease and relevant background  information for each such party, (iii) the term of the Lease, and (iv) any  other information the CEO deems necessary for the Board of Director’s  consideration of the proposed Lease consistent with the confidentiality  provisions of Section XII.I.3.a above. The Board of Directors shall have the  right, in its sole discretion, to approve or disapprove a Lease or delegate  to the CEO the right to approve or disapprove a Lease. Any such approval  or acceptance by the Board of Directors or the CEO may be given,  withheld or conditioned in the sole discretion of the Board of Directors  or the CEO, as applicable. Conditions to approval may include, without  limitation, (A) the Lease containing mandatory lease terms (in addition to  those set forth in Appendix C) as prescribed by the Board of Directors or  the CEO from time to time, and (B) any other condition to ensure that the  Lease is in compliance with the Rules and/or in the best interest of the  WTA. c.  For the avoidance of doubt, approval of a Lease by the CEO or the Board  of Directors shall not extend to any Subsequent Transaction, whether  or not contemplated by the terms of a Lease or otherwise. For purposes  of this Section, “Subsequent Transaction” means (i) any amendment or  modification to, or extension or renewal of, any Lease or any agreement  related thereto, (ii) the exercise by any person or entity of any rights of  first negotiation or refusal, relocation rights, other back-end rights or any  purchase or sale rights, and (iii) any sale, transfer, assignment, pledge or  other disposition or encumbrance by any person or entity of any Lease  or any “ownership interest.” Any such Subsequent Transaction shall be  subject to separate and independent approval by the WTA in accordance  with the Rules at the time that any such terms are sought to be triggered  and/or exercised by any party. d.  All Leases shall be required to include, as an attachment or rider thereto,  the language set forth in Appendix C (or language in form and substance  substantially similar thereto, modified only as necessary to conform to  the defined terms in the applicable agreement). e.  The WTA may in its discretion waive any or all of the requirements of this  Section 3. f. Any violation of this Section 3 shall be a violation of a Condition of  Membership (as defined in the WTA By-Laws) and shall, among other  things, be subject to the imposition of sanctions under Section 2.6 of  the WTA By-Laws. In such circumstance, WTA Management shall notify  the member of the violation and sanction and provide the member with  the opportunity to submit additional information. In the event that the  WTA learns or becomes aware of facts or circumstances constituting a  221