THE PLAYERS’ IMPACT MEMBERSHIP APPLICATION AND AGREEMENT
WHAT IS THE PLAYERS’ IMPACT?
The Players’ Impact is a web-based venture platform operated by The Players’ Impact Global, Inc. and its affiliates and subsidiary companies (collectively “TPI”), that is geared toward professional athletes and the professional sports community in order to provide access to resources, education and network relating to investing and entrepreneurship. TPI is made up of both entrepreneur members and individual angel investors interested in financing privately held companies or ventures, typically in early stages of development.
HOW DO I BECOME A MEMBER?
APPLICATION PROCESS FOR MEMBERSHIP & QUALIFICATION:
To apply to become TPI member, you must submit and agree to this Membership Application and Agreement, and pay the fees described below. TPI membership decisions are at the sole and absolute discretion of TPI’s Membership Committee (the “Membership Committee”). Generally, TPI Membership is reserved for current and former professional athletes and others in the professional sports community, however, the Membership Committee reserves the right to accept or reject any applicant. New TPI members must be sponsored by a current TPI member. The Membership Committee will review submitted membership applications and endeavor to respond within thirty (30) days from date of submission of a completed application.
Note: All determinations with respect to TPI membership eligibility are in TPI’s sole and absolute discretion. TPI may accept or reject any applicant for membership for any reason, or no reason at all, in its sole and absolute discretion, unless prohibited by law.
Complete membership application submissions must include:
TPI memberships are on an annual basis. Accepted memberships will become active upon receipt of confirmation from TPI of membership activation, and receipt of the Annual Fee, and Annual membership terms begin on the first day of the month following confirmation of membership acceptance (the “Start Date”). Memberships automatically renew on the anniversary of the Start Date for successive annual terms unless TPI or the member provides written notice to the other party of its intention to not renew at least thirty (30) days prior to the end of the then-current annual membership term.
TPI membership is subject to an annual membership fee (“Annual Fee”). The current TPI Annual Fee:
The Annual Fee will be charged automatically on each anniversary of the Start Date. Your payment, whether by check or credit card, will be held for processing until after your membership has been approved. If a membership is activated prior to the Start Date, TPI will pro-rate the first partial membership month. If a member chooses to pay the membership fee in monthly payments, such member will be charged the applicable monthly fee on the first of each month.
Annual membership fees for renewal terms will be at list pricing in effect at the time of renewal. We will provide notice prior to any such membership fee increases.
In addition the Annual Fee, TPI members may be assessed a management fee by TPI on all investments made by TPI members through the TPI platform. Investment opportunities may also incur a carried interest fee. For specific information regarding the fees associated with an investment opportunity, please review the applicable disclosures of such investment opportunity.
WHAT ARE THE BENEFITS OF MEMBERSHIP?
“Members Only” access includes a variety of resources, education and networking opportunities relating to investing and entrepreneurship on the TPI platform. Currently, TPI membership includes the following:
Please note that certain investment opportunities presented on the TPI platform are available only to “accredited investors” as defined under Rule 501 of the SEC regulations (“Rule 501”). Rule 501 defines an individual accredited investor as: “Any natural person whose individual net worth, or joint net worth with that person’s spouse exceeds $1,000,000”; OR “Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.”
TO QUALIFY FOR INVESTOR MEMBERSHIP, YOU MUST AGREE TO THE FOLLOWING:
“Any natural person whose individual net worth, or joint net worth with that person’s spouse, exceeds $1,000,000”; OR “Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.”
CONTACT INFORMATION AND MEMBERSHIP OPTIONS:
If you wish to pay your Annual Fees by check, please contact firstname.lastname@example.org. Your payment will not be processed unless and until your application for membership has been accepted.
You understand that by submitting this Membership Application and Agreement, if your TPI membership application is accepted, this Membership Application and Agreement will become legally binding and you will become a TPI member. You will be charged an annual membership fee as described herein, and will be responsible for other fees as applicable.