EnergyLab Angels Terms and Conditions of Membership

Introduction

Welcome to EnergyLab Angels, a community of investors united by our commitment to support early-stage climate tech startups and other high-growth businesses addressing environmental issues. We believe in collaborating to grow and strengthen an ecosystem that can support impact-oriented founders. By joining our angel group, you agree to adhere to the following terms and conditions, and act in the spirit of founder friendliness, impact, transparency, and collaboration.

Membership Eligibility and Obligations

• Membership Eligibility: Membership is open to individual investors, investment syndicates, and representatives of investment funds (including CVCs) who are committed to the group's mission and values.
• Membership Fee: Membership in EnergyLab Angels is currently free of charge. We believe in removing barriers to participation to ensure a diverse and dynamic group of investors.
• Due Diligence and Investment Decisions: Members are responsible for conducting their own due diligence on potential investments. EnergyLab provides a platform for sharing opportunities but does not endorse any particular venture.

Code of Conduct

• Confidentiality: Members must maintain the confidentiality of information shared within the group and not divulge information shared by founders without their written permission.
• Collaboration and Respect: Members agree to engage with one another and with founders in a spirit of collaboration, respect, and integrity. Discrimination, harassment, or any form of disrespectful behaviour will not be tolerated.
• Transparency in Communications: Members must strive for honesty and transparency in all communications with other members and with founders. This includes providing clear feedback, sharing insights openly, and avoiding misleading statements or omissions that could affect investment decisions.

Special Provisions for Members Leading Angel Groups or Syndicates

• Non-Exclusivity: Members who lead other angel groups or investment syndicates agree not to impose exclusivity agreements on founders. Such agreements are contrary to the best interests of founders and the broader ecosystem.
• Reporting Syndicated Investments: If a member discovers a deal through the EnergyLab platform and subsequently syndicates an investment for it, they must inform EnergyLab of this fact. This enables us to include the investment in our impact reporting, ensuring accurate tracking of the collective contributions of our members towards supporting climate tech startups.

Termination of Membership

• Termination by EnergyLab: EnergyLab reserves the right to terminate the membership of any member at any time for any reason, without the obligation to provide reasons for such termination. This ensures the integrity and alignment of our membership with the group's values and objectives.
• Termination by Member: Members may terminate their membership at any time by providing written notice to EnergyLab.

Changes to Terms and Conditions

EnergyLab reserves the right to modify these terms and conditions at any time. Members will be notified of any significant changes, and continued participation in the group will constitute acceptance of the new terms.

Agreement

By joining and remaining a member of EnergyLab Angels, members are taken to agree with these terms and conditions and commit to contributing positively to the group's mission of supporting early-stage climate tech startups.