1. General Principles 1.1. iRacing.com and FIRST 1.1.1.iRacing.com exists to create the world's most authentic racing simulations, enable and organize real-time, online racing, and advance and expand motorsport. 1.1.2.FIRST is the global sanctioning body for internet racing conducted through and by iRacing.com. Its mission is to organize, facilitate and execute internet racing competitions, providing structure, consistency and fairness. 1.1.3.FIRST, as governed by its board of directors, shall be the sole sporting authority entitled to make and enforce regulations for internet racing competitions as hosted by iRacing.com. 1.1.4.FIRST may from time to time elect to enter into co-sanctioning agreements or other similar partnerships with other motorsport sanctioning bodies, clubs or organizations to facilitate the organization and execution of a specific internet racing event or series of events. 1.2. FIRST Structure 1.2.1.FIRST shall be governed by a Board of Directors, the chairman of which shall be appointed by iRacing.com Motorsport Simulations, LLC. Other directors shall be appointed by the chairman of FIRST. 1.2.2.The FIRST Board of Directors shall establish the FIRST Competition Board to preside over all FIRST business related to matters of internet racing. 1.2.3.The FIRST Competition Board may consist of voting and non-voting members and may, at the discretion of the Board of Directors, convene general meetings with both voting and non-voting members, as well as private meetings open only to voting members. 1.3. FIRST Sporting Code 1.3.1.To ensure fair and consistent governance of internet racing competition, FIRST has established the FIRST Sporting Code. 1.3.2.The FIRST Sporting Code, and any addenda, shall govern all internet racing events sanctioned by FIRST. 1.3.3.It is the obligation and responsibility of all iRacing.com members to read, understand and abide by the FIRST Sporting Code. 1.3.4.FIRST may from time to time, at its sole discretion, revise any or all of the FIRST Sporting Code. First Official Sporting Code Version 2014.02.21.01 8 | P a g e | First Official Sporting Code 1.3.5.Substantive changes to the FIRST Sporting Code will be published as official notifications on
http://members.iracing.com. 1.3.6.FIRST may publish supplementary regulations pertaining to an individual series and/or event. These supplementary regulations are intended to augment the FIRST Sporting Code and/or modify certain elements of the Code to ensure fair and consistent competition in the particular series or event to which the supplementary regulations apply. 1.3.7.Unless specifically noted in the supplementary regulations, all rules set forth in the FIRST Sporting Code will apply to every FIRST-sanctioned event. 1.3.8.The FIRST Sporting Code affords every iRacing member assessed a penalty or named as a party to protest the right to appeal a decision made by FIRST (See Appeals, Section 9). Upon final resolution of such appeals, however, application and interpretation of the FIRST Sporting Code by FIRST officials shall be final and