Good2use.com Code Of Conduct

As a member of Good2use.com Invest you will have access to both

1. Material non-public information about privately held companies; and
2. Other information that while not material, may nonetheless be sensitive, confidential and/or proprietary, such as trade secrets, financial information, computer programs, and personnel files. This information must be used solely for Boise Angel Alliance business purposes.

Material information is any information that a reasonable investor would likely consider important in making a decision to invest, including but not limited to:

• Financial information, including sales, orders, or income;
• Financial projections, forecasts, or budgets;
• Major purchases or sales of assets;
• Gain or loss of a significant customer or supplier;
• Changes in management;
• Manufacturing techniques;
• Development of significant new products, services, or technologies;
• Major litigation or government investigations or the threat thereof;
• Major transactions or negotiations with other companies regarding joint ventures, alliances, or licensing agreements.

Accordingly, you agree that you will:

• Keep both material non-public and other sensitive or proprietary information about the companies strictly confidential and all reasonable efforts will be undertaken to prevent unauthorised disclosure of, or access to, this information.
• Respect the privacy of other potential investors and not provide their names to any third party without their permission.

While recognising that Private Equity Investment depends upon an individual's judgement and skill, there are some rules, which we ask investors and prospects alike to adhere to:

• Confidentiality
  All opportunities are sensitive and investors will keep confidential any information released to them in the process of investigating business opportunities, and ensure that this duty binds any advisers with whom they consult whether or not in a professional capacity.
• Fees
  Investors understand and agree to be bound by the terms of business of intermediaries.
• Employment
  Investors will not sell their services to fund seekers as a substitute for investment.
• Financial Services Act
  Investors confirm that they are Sophisticated and/or High Net Worth Individuals within the meaning of the Financial Services and Markets Act (2000).
  • High Net Worth Investor
    As a High Net worth Investor, you certify that: you had, during the financial year immediately preceding the certification date, an annual income to the value of £100,000 or more; AND/OR
  • Held, throughout the financial year immediately preceding the certification date, net assets to the value of £250,000 or more. Net assets for these purposes do not include:
    • The property that is the primary residence or any loan secured on that residence;
    • Any rights under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001(a); or
    • Any benefits (in the form of pensions or otherwise) which are payable on the termination of service or on death or retirement and to which he/she is (or dependants are), or may be, entitled.
  • Sophisticated Investor
    As a Sophisticated Investor, you certify that one or more of the following applies:
    • You are a member of a network or syndicate of business angels and have been so for at least the last six months prior to certification date;
    • You made more than one investment in an unlisted company in the two years prior to certification date;
    • You work, or have worked in the two years prior to certification date, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;
    • You currently, or have been in the two years prior to certification date, a director of a company with an annual turnover of at least £1 million.
• Self-certification
  The certificate makes it clear that:
  • The High Net Worth or Sophisticated Investor may receive financial promotions that may not have been approved by a person authorised by the Financial Services Authority. The content of such financial promotions may not conform to rules issued by the Financial Services Authority; by signing the certificate he/she may lose significant rights including loss of property and other assets from making investment; he/she may have no right to complain to either of the following -
    • The Financial Services Authority; or
    • The Financial Ombudsman Scheme;
  • He/she may have no right to seek compensation from the Financial Services Compensation Scheme.
• Investor Forums
  Members acknowledge that Good2use.com promotes knowledge in and awareness of Business Angel investing and activity, and is not authorised by the Financial Services Authority (FSA) to advise on investment matters. Members agree not to act in any way such as to abuse this status. Members agree that they will not use the website for any purpose other than the genuine furtherance of their own and others' knowledge of Business Angel investment and activity. Any discussion will be restricted to genuine Business Angel matters. Any deals that might be discussed, or of interest, will be pursued through a properly FSA authorised or exempt body.
• Wider Applicability
  Investors will ensure that anyone they introduce to Good2use.com and/or the events run by them is aware of these rules.
• Regulation
  The sale of, promotion of, management of and/or advising on any Financial product is highly regulated in the UK by the Financial Services Authority and under FSMA (2000). Since 2005, Investors can self certify themselves as High Net Worth Individuals or Sophisticated Investors. Firms can also promote to individuals that they reasonably believe are self certified as high net worth or sophisticated.
• Good2use.com.
  Good2use.com publishes this information. Good2use.com promotes the awareness of, and knowledge in, Private Equity investment. Investment in new business carries high risks as well as the possibility of high rewards. It is highly speculative and potential investors should be aware that no established market exists for the trading of shares in private companies. Before investing in any such project potential investors are strongly advised to verify all material facts and information for themselves and to take advice from a person authorised under the Financial Services and Markets Act 2000 who specialises in investments of such a nature.

Good2use.com cannot advise on the merits or risks of investment and is not authorised to arrange transactions or circulate offer documents under FSMA.

The term Good2use.com is copyright and may be used only with the written permission of Good2use.com.