PLEASE NOTE: As a member of the VU Venture Partners Investor Syndicate, you agree to receive information on the investment opportunities we are investing in, which includes due diligence information on companies seeking investment, subject to the following conditions: 1) All information you receive from us is to be kept strictly confidential and is considered confidential information, 2) Members shall not share such confidential information with other individuals, funds, companies, or groups outside of VU's Investor Syndicate unless the Member has received specific approval by VU Venture Partners to do so and the receiving party has specifically confirmed their adherence to these Principles of Membership prior to receipt of materials, 3) Information a Member receives is only to be used by individual angels, groups of angels, and family offices who have the intention of investing personally or as an entity through VU's Investor Syndicate, and not investment managers seeking deal flow for their own funds to make direct investments outside of investing through VU's Investor Syndicate, 4) Members agree to invest solely through the VU Venture Partners Investor Syndicate in investment opportunities that have been shared through the VU Venture Partners Investor Syndicate, 5) Members agree to pay a 2% management fee for 10 years, which is collected upfront and then drawn down over a 10 year period. Upon a liquidity event in less than 10 years any remaining management fee that has not been drawn down is returned to investors. There is also a 20% carried interest on profits, 6) Members shall not syndicate the same opportunity (or a derivative thereof) on any other platform or for any other group without approval by VU Venture Partners, 7) Members shall not seek a direct or indirect allocation in companies, after being provided with information about such investment opportunities through VU, VU affiliates, or our Investor Syndicate, which would circumvent, compete, or otherwise affect VU's investment allocation. *
