MEMBERSHIP

Membership in Executive Exchange, Inc. (EEI) shall consist of business entities which are non-competitive to each other. Subject to approval by the Board of Directors, a member may hold more than one classification. A Member’s representative or alternate representative may not belong to a competing networking group.

ELIGIBILITY OF PROSPECTIVE MEMBERS

Any business entity that is not in conflict with an existing member is eligible for membership pending acceptance by the Board of Directors. Applications for membership are not normally considered if a business entity is less than one (1) year old.

INVITATION TO PROSPECTIVE MEMBERS

A prospective member must, by invitation from the Board of Directors or the Membership Committee, attend as a guest a minimum of three (3) regular meetings of the EEI members.

MEMBERSHIP RECRUITMENT

(a) A prospective member may be proposed for membership by submitting to the Membership Committee a completed application for membership. Upon receipt of the completed application, the Membership Committee shall investigate and consider the membership application, and at the next regularly scheduled meeting of EEI, shall solicit comments and objections to the membership application from members that are currently in good standing. The prospective member shall appear before the Board of Directors for an interview and vote of the Board.

(b) The Board of Directors shall consider the application for membership at its meeting where the Membership Committee makes its report. A prospective member shall be admitted to membership upon the affirmative vote of 75% of the Board of Directors so voting, with abstentions not constituting a vote.

TERMINATION OF MEMBERSHIP

(a) In the event that a member fails to attend three (3) or more consecutive meetings during the term of membership; or a member fails to attend a minimum of 50% of regularly scheduled meetings in a calendar quarter of EEI; or a member has not paid its annual dues by the first meeting in July; or a member is in violation of the By-Laws, EEI, at its sole option and upon a 75% vote of those members of the Board of Directors so voting, but not including those voting to abstain, may elect to terminate a member's membership. No portion of membership dues paid prior to the termination of membership shall be refundable.

(b) If a principal representative severs his/her relationship with the business entity to which membership resides, that representative may apply in the name of a new business entity for membership within the same category. This application must be made within sixty (60) days of the date of severance with the present member. Upon receipt of such application, the Board of Directors shall contact the present member to determine its desire to retain membership. If "no", the present member shall be terminated and the new application shall be considered. If "yes", the Board of Directors shall decide whether to continue the present membership (thereby denying the new application), or whether to terminate the present member and consider the new application. The decision shall be considered effective upon an affirmative vote of 75% of the Board of Directors voting. If the present member is terminated by any provision of this paragraph, the member's dues for the current year shall be refunded on a pro rata basis.

TERM OF MEMBERSHIP

The term of membership of each member shall be for one (1) year, commencing on July 1 of each year, unless EEI or the member gives the other party written notice of non-renewal on or before June 1st, or membership is otherwise terminated under the terms and conditions of these Policies and Procedures.

LIMITS OF CLASSIFICATION

Members shall limit their business promotional activities within EEI to the respective business classifications in which they are a member and shall not infringe upon the classifications of other members. Members shall not adopt an unrelated business category without first obtaining approval of the Board and paying an additional membership fee for the “new category”.

DUTY TO REFER

Members at all suitable times shall refer and recommend to friends and business associates the products and services of fellow members.

DUTY TO PERFORM

Members shall act promptly on all business referrals received, follow them diligently, make every reasonable attempt to effect business and notify the referrer what has transpired.

DUTY TO DIRECT BUSINESS

Direct business between members is not mandatory. However, members are requested to give their fellow members preference as appropriate.

DUTY TO BE INFORMED

Members shall familiarize themselves with the nature of the various businesses represented in EEI for the purpose of making as many referrals of business opportunities as circumstances permit.

MEMBERSHIP RELATIONS COMMITTEE

A Member Relations Committee shall be entrusted with the responsibility for receiving and responding to all disputes between or among members of EEI relating to the obligations and duties of members contained within these Policies and Procedures.

SUBGROUPS

Members may form informal subgroups consisting solely of members of EEI who have related business interests. The composition of all subgroups shall be made known to the general membership. Membership in such subgroups shall be open to any members who feel that they can contribute to and benefit from the subgroup's activities. Meeting dates and activities of the subgroups shall not conflict with meetings and activities of EEI.