Applicant hereby acknowledges agreement with all Rules, Regulations and By-Laws of Plum Brook Country Club (“Club”) and warrants use of the Club and privileges under the membership category desired are subject to the terms, conditions and restrictions set forth therein. The Club, in its sole discretion, reserves the right to change or amend the Membership Categories, Dues, Assessments, Rules, Regulations, By-Laws and Code of Regulations, to terminate memberships and to discontinue operations of any or all of the Club facilities, either temporarily or permanently. Applicant warrants that the desired membership is for the sole purpose of obtaining recreational use of the Club facilities and not as an investment or for economic gain or profit.