4 11HT- gets business IMPORTANT: PLEASE READ CAREFULLYBEFORE SIGNING FINANCIAL DUES COMMITMENT TO BECOME A MEMBER IN THE AREA PARTNERSHIP FOR ECONOMIC EXPANSION (APEX) Ladies and Gentlemen: The undersigned: 016 (0/705) DueSJProviding Member (the ?Member?) hereby agrees to pay 350,000 to become a member and in support of APEX, a 501-06 Corporation, for a period of year(s), subject to certain terms and conditions as set forth below. The Member agrees that this financial commitment is contingent upon its acceptance by APEX. The Member understands and acknowledges that APEX, under the direction of its Board of Directors and its Executive Director, shall have the right, at its total discretion, to use the funds as it deems appropriate in the furtherance of its overall Mission, Vision and objectives to develop and attract and/or develop additional business and economic activity in the greater Duluth area. The Member understands that there are five (5) memberships available which shall include the following categories: Core MembersmAny private business (for profit or non-profit), private economic development agency, individual or permitted government entity shall commit $30,000 or more annually; General Members?Any private business (for profit or non?profit), private economic development agency, individual or permitted government entity shall commit $15,000 to $29,999 annually; Contributing Members?Any private business (for profit or non-profit), private economic development agency, individual or permitted government entity shall commit $5,000 to $14,999 annually; . Sustaining Members Note: This category included original members who joined APEX at amounts of less than $5,000. This category has been eliminated. However previous Sustaining Members have been grandfathered into membership as long as their dues are current and they are members in good standing. Discretionary Admission of Government Entities as Members??The Board of Directors, in its sole discretion, may admit one or more government entities as members in any of the membership categories set forth above upon approval of such government entity?s application for membership by a simple majority vote of the Board of Directors and payment by the government entity of the contribution required for the membership category sought. Further, the Member understands that there shall be at least three (3) directors and directors shall be appointed by Members according to the bylaws of the Corporation as described below, as well as such at-large members as the Board of Directors may deem appropriate. Core Members?shall be entitled to appoint two (2) directors from within their organization General Members?shall be entitled to appoint one (1) director from within their organization Contributing Members?shall collectively be entitled to appoint two (2) directors representing member organizations Sustaining Members ?shall vote as part of the Contributing Members class and shall participate in the election of directors representing Contributing Members. Sustaining Members shall not be entitled to be elected to the Board of Directors. The procedures for appointment of directors, term of office, removal, attendance and all other conditions of being a director including the terms and conditions for the Corporation?s Executive Committee and its officers are presented in the bylaws of the Corporation of which a copy is available to any member during normal business hours at the headquarters of the Corporation. in consideration of becoming a Member in good standing and in acknowledgement of the Member?s financial commitment, the Member shall be entitled to become: Check the appropriate category MCore Member El General Member El Contributing Member I: Contributing Member (Renewal only) a Discretionary Government Entity Member Name of Member Organization U?/l?tf/j/fy 0F (0/7715) Membership commitment: Amount: 5 (2,00; 3 Member Representative (8) (kW/Maker? Lad/m C. . Intent/Sn radar? R: Address 575? Div/9,9176 IU/lth?fif?ligif ?it/W6?, City State MA Zip 57521 Phone/?/rV/7?/i? [7/059 Email abet/?I U/Yi/l 56ft) Phone/W379i? Email lmh?jo?gu d. umn gait) Members Signature Date: Ii Accepted for APEX by: Date: Checks should be made payable and mailed to: APEX 306 W. Superior St. Suite 902 Duluth, MN 55802