MEMBERSHIP

Membership is extended to Accredited Investors (as defined in Regulation D of The Securities Act of 1933) with sufficient net worth to be in a position to provide investment capital to promising companies. Also members should have the business acumen to mentor the management of these new businesses. There is no obligation for a member to make any investment of capital or time, and the decision to do either will be completely voluntary by the member. Members are encouraged to bring qualified investment opportunities to the NBA. The Membership Committee screens prospective members for qualifications.

CURRENT MEMBERSHIP
At present the NBA has 80+ members. The membership is a diverse group of successful business men and women including former company CEO's (both public and private), venture capitalists, attorneys, private business owners, inventors, CFO's, real estate executives, and many other business management professionals. The NBA believes vast management expertise and network that members bring to promising companies is as important as their financial support. Often NBA members assume direct company responsibilities (i.e. Board of Directors, Interim Management Role) concurrent with their investment in the company. Members have also been crucial in facilitating a quality flow of prospective deals to the NBA.

COST OF MEMBERSHIP
Membership fees consist of a one-time $425 initiation fee. Thereafter, the annual fees are $350. In addition, the current charge for dinner at our dinner meetings is $75 per person. This contribution, as well as the financial support provided by the NBA Corporate Sponsors are used by the NBA to cover administrative costs, clerical staff, rental space, and the like. None of the NBA committee members are paid for their time, though they will be reimbursed for their out-of-pocket costs. Our membership exceeds 80 and eventually our goal is to reach 120. Members are encouraged to invite qualified guests to our meetings.