FINANCIAL SECTION XIV - PRIZE MONEY FORMULA 10. Compliance a.  Any Tournament that fails to submit its Final Report to the PMF Committee  by its 120-day deadline is subject to a fine in accordance with the  following chart: Fine Amount Tournament  Category Missed Deadline Increase for Each 7 Calendar Days after Deadline WTA 1000  Non-Mandatory $10,000 $1,000 WTA 500 $5,000 $500 In addition, for each consecutive Tour Year in which a Tournament misses  its 120-day deadline, its applicable Missed Deadline fine in the chart  above doubles. For example, if a WTA 1000 Non-Mandatory Tournament misses its 120- day deadline in a Tour Year, does not submit its Final Report until 14  calendar days after that deadline, and met its deadline the prior Tour  Year, then its applicable fine is $12,000 ($10,000 + ($1,000 x 2) = $12,000). As another example, if a WTA 500 Tournament misses its 120-day  deadline for the second consecutive Tour Year and does not submit its  Final Report until 28 calendar days after that deadline, then its applicable  fine is $12,000 (($5,000 x 2) + ($500 x 4) = $12,000). b.  Any Tournament that submits to the PMF Committee or the Independent  Accountant a Final Report, Supplemental Information, or any other  document or information on which the PMF Committee or Independent  Accountant reasonably relies in determining its MPC that contains any  Material Misstatement(s) is in breach of the Tournament Standards of  Performance and is subject to disciplinary action in accordance with  Section XVIII.A.47 that, subject to the PMF Committee’s discretion, must  include a fine equal to the greater of $2,500 or fifty percent (50%) of  its Prior Year True-Up related to such Material Misstatement(s), but no  greater than $100,000. c.  If in its sole discretion the PMF Committee determines that a Tournament  otherwise violates the PMF, then the Tournament is in breach of the  Tournament Standards of Performance and is subject to disciplinary  action in accordance with Section XVIII.A.47. 263