United States Corporate Membership shall mean membership of any corporation, partnership or other legal entity organized and existing under the laws of the United States or any state or possession of the United States (hereinafter referred to as a "US Entity"), or any other legal entity or partnership in which one or more US Entities and/or United States citizens hold, in the aggregate, a controlling interest, which either has a direct investment in the Ukrainian economy or has established a legal person or registered a resident representative office in and has its own representative(s) in Ukraine or has demonstrated a direct interest in pursuing either objective within the next 12 months and, in the opinion of the Executive Committee, is undertaking activities which are consistent with the objectives of the American Ukrainian Chamber of Commerce and Industry (hereinafter referred to as a "AUCCI"). Each Corporate Member shall designate, as its representative(s) in the Chamber, one or more Corporate Member Representatives, who shall be persons of good standing resident in the United States.

Ukrainian Corporate Membership shall mean membership of any corporation, partnership or other legal entity organized and existing under the laws of the Ukraine States or any state or possession of the Ukraine (hereinafter referred to as a "Ukrainian Entity"), or any other legal entity or partnership in which one or more Ukrainian Entities and/or Ukrainian citizens hold, in the aggregate, a controlling interest, which either has a direct investment in the United States economy or a legal person or registered a resident representative office in and has its own representative(s) in the United States or has demonstrated a direct interest in pursuing either objective within the next 12 months and, in the opinion of the Executive Committee, is undertaking activities which are consistent with the objectives of the AUCCI. Each Corporate Member shall designate, as its representative(s) in the Chamber, one or more Corporate Member Representatives, who shall be persons of good standing resident in the United States.