BLOOMINGTON-NORMAL
ANGEL INVESTOR NETWORK, INC.
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Membership Agreement

I am an accredited investor as defined under Rule 501 of the SEC regulations, which defines the same as:   “Any natural person whose individual net worth or joint net worth with that person’s spouse at the time of his purchase exceeds $1,000,000”; OR “Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.” OR

I have such knowledge and experience in financial and business matters to be capable of evaluating the relative merits and risks of any investment.*

I agree to abide by the Terms of Use of the Bloomington Normal Angel Investment Network, Inc. (Including Membership Code of Conduct; Membership Qualification Process; this Membership Agreement).

I understand that Bloomington Normal Angel Investor Network, Inc. is not a venture fund, investment bank, broker/dealer, investment clearinghouse, investment portal, or any other form of investment advisor or otherwise, and is not registered with the Securities and Exchange Commission or any state securities commission. Bloomington Normal Angel Investor Network, Inc. does not provide advice, recommendation, or any other indication of appropriateness or inappropriateness for a particular investment. Bloomington Normal Angel Investor Network, Inc. does not endorse any investment opportunity and makes no independent investigation to verify information provided by companies submitting to Bloomington Normal Angel Investor Network, Inc. for presentation or otherwise, and makes no representation or warranty regarding the same. I agree to hold the Bloomington Normal Angel Investor Network, Inc and its officers employees and members harmless for any loss, regardless of fault.

I must conduct my own analysis and due diligence to determine the appropriateness of any investment I make in any company to which I am introduced to through Bloomington Normal Angel Investor Network, Inc. As a result, I recognize and agree that neither Bloomington Normal Angel Investor Network, Inc. nor its officers, representatives or agents are responsible or liable for any investment decision I make as a result of being a member of Bloomington Normal Angel Investor Network, Inc. The choice to use and the manner of utilization of information and knowledge gained through Bloomington Normal Angel Investor Network, Inc.  is my individual and personal choice.

I understand that any purchase of equity or other investment transaction shall be with the respective company, without involvement of, or participation by Bloomington Normal Angel Investor Network, Inc.

I understand that Bloomington Normal Angel Investor Network, Inc. meetings are not an offer to sell or solicitation to buy any security by Bloomington Normal Angel Investor Network, Inc. or any other entity.

I agree to pay the annual membership dues as set by Bloomington Normal Angel Investor Network, Inc.  Annual membership dues are $2,500 per member paid in full prior to attendance at first meeting or prior to activation of account.