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Member Code of Conduct.

  1.  Professionalism. I will conduct myself in a professional manner at all times while attending or otherwise participating in any Commune Ventures Association (“Commune Angels”) meeting, event, program or activity as a Member of Commune Angels.

  2. Non-Solicitation. I understand and recognize that Commune Angels meetings and communications are focused on investment pursuits and I will not solicit any other Member of Commune Angels, or any company that has applied for funding from Commune Angels, for business. 

  3. Financial Gain. I will disclose to the group any relationship under my direct control I have or may have had with a presenting company, including any financial gain I or my affiliates may receive from the company or in connection with Commune Angels’ proposed investment in the company.

  4. Conflicts of Interest. I will use good judgment, adhere to high ethical standards and avoid situations that create an actual or potential conflict of interest.  A “conflict of interest” arises when a person’s loyalties or actions are divided between the interests of a company and those of another, such as a competitor, supplier or customer, or personal business.  A conflict of interest can arise when a Member takes actions or has interests that may make it difficult for him or her to objectively and effectively support a company seeking funding.  A conflict of interest may also arise when an individual, or a member of his or her family, receives an improper personal benefit as a result of his or her position in, or relationship with, a company.  The appearance of a conflict of interest alone can adversely affect Commune Angels and its relations with companies seeking funding. A conflict of interest may not always be clear; therefore, I will consult with an officer of Commune Angels if I have any questions. I agree not to negotiate what are commonly referred to as “side investment opportunities” or “backroom investment opportunities” with any entrepreneur or company under consideration for investment with Commune Angels.  Any investment that is not fully disclosed to, is detrimental to, or excludes other Commune Angels members would fall into this category.

  5. Confidential Information. If I come into possession of nonā€public information about a company under consideration for investment with Commune Angels, I will safeguard the information from the public and not intentionally or inadvertently communicate it to any person (including family members and friends) unless the person has a need to know the information for legitimate business reasons.  I will not disclose confidential or proprietary information obtained as a consequence of my association with Commune Angels to third parties without express authorization from Commune Angels.  I will be discreet with respect to confidential information about potential investments as to which I receive information not available to other members of Commune Angels generally and not discuss it in public places.  I will respect the privacy of other Members and not provide their name to any third party without their permission. 

  6. Diversity Pledge. I pledge to honor diversity – racial, gender, identity, of thought and experience – at all times as a Member of Commune Angels. I will encourage other Members to exemplify Commune Angels’ commitment to diversity in all dealings with other Members, partners, founders, guests and the greater community.

  7. Contribution. I commit to sharing and learning with all Members of Commune Angels in respect of any differences, real or perceived, to positively contribute to the experiences, knowledge and, ultimately, wealth of all current and future Members of Commune Angels.

  8. Changes. I will promptly notify Commune Angels of any change in my contact information or accredited investor status occurring after the date hereof.

  9. Violation. I understand that my failure to comply with this Code of Conduct shall serve as immediate grounds for termination of my membership in Commune Angels.

Adopted in July 2020