2. Boulder Patron Patron Eligibility Member of Boulder branch Affiliate Service Provider Investment is optional Branch allocation is $530,000 worth of shares totally 2,120,000 Min $5,000 Max $50,000- Boulder $2,500 min until 12/31/11 Can only be patron of one branch
3. Investment Details Investment 24 months promissory note paying 6% simple interest Convertible warrant for shares strike price $.25/share 12 months conversion and options expire in 7 days Warrant automatically expires if end relationship with Vim People Promissory note remains and can be paid at anytime by Vim People, Inc Can move patronage to other location prior to conversion Must execute to join shareholder agreement at conversion
4. Boulder Incentives Boulder Patron For every dollar invested, 1 founder share at $.00001/share Maximum $300,000 First 20 Boulder service provider members get 10,000 founders shares as signing bonus Every Boulder Service Provider earns 10,000 options at market price when generate over $100K in Boulder branch sales for 2012 Every member or associate gets Vim, Inc shares at 75% discount until 12/31/11 for self or friends and family $25K per person maximum $250K
