What is Bader's Lebanese Business Angels? Bader, through its new initiative, the Lebanese Business Angels (LBA) facilitates the introduction of entrepreneurs to potential investors through presentations and other mechanisms. LBA consists of individual angel investors as well as institutions interested in financing privately held companies or ventures typically in a startup/early stage of development, based in Lebanon and in all sectors, pertaining they have a compelling value proposition and high added value, an innovative/creative product or service and the potential for regional and international reach.

WHAT ARE THE BENEFITS OF MEMBERSHIP?

Support entrepreneurship in Lebanon and help talented individuals achieve their dreams A more efficient matching between entrepreneurs and investors, the efficiencies of group due diligence and investment support Convenient investor luncheon meetings organized on a regular basis (i.e. every 2 months) Educational programs including but not limited to term sheets, balanced investment portfolios, case studies, due diligence and other topics in angel investing Opportunity to interact with other angel investors and meet individuals experienced in working with young companies The potential for financial reward

HOW DO I BECOME A MEMBER?

Requirements of membership Members must be sponsored by a current member Members must agree to abide by the terms and conditions of the LBA Membership Application Specific Requirement for individual membership - Each member must be a high net worth individual OR each member must be a sophisticated investor with sufficient knowledge and experience in financial and business matters to be capable of evaluating the relative merits and risks of any investment - Individual members must pay an annual membership fee of $3,000 Specific Requirement for institutional membership - Each institutional member must be a corporation with a net asset value of $1,000,000; OR a sophisticated institutional investor with sufficient knowledge and experience in financial and business matters to be capable of evaluating the relative merits and risks of any investment - Institutional members must pay an annual membership fee of $5,000

Process for membership qualification Interested parties must fill the complete Membership Application Form, and submit the same as directed on the Membership Application Form

Frequently asked questions What is an angel investor? An angel investor is an individual or a corporation making direct investments of personal funds into a venture, typically early-stage businesses. Because the capital is being invested at a risky time in a business venture, the angel must be capable of taking a loss of the entire investment, and, as such, most angel investors are high-net-worth individuals or corporation with sufficient asset base. These individuals or corporations are nearly always sophisticated investors. What is an angel group? An angel group is a formal or informal assemblage of active angel investors who cooperate in some part of the investment process. Key characteristic of an angel group is the collaboration by member angels in the investment process. Is membership in LBA restricted? Yes. Please see the description of membership requirements above, and review the entire content of the Membership Application. How do I learn more about angel investing? Bader will conduct training programs for new members as an intensive introduction to LBA and angel investing. Periodically, Bader has speakers on relevant topics as part of the regular meetings. Members also learn from other experienced angel investor group members. What are the selection criteria for the presenting companies? All sectors are covered. The company, based in Lebanon, needs to have a compelling value proposition and high added value, an innovative/creative product or service and the potential for regional and international reach. How will presenting companies be selected? Each company will go through a thorough selection process from a pre-screening committee. I want to become a member but I have not much time to devote to the investment process. Is it possible? Yes. We are developing a side fund in which you can deposit your funds which will be invested alongside other investments made by the angels. For more information, you can contact us. How will investment decisions be made? Investment decisions are made on an individual basis. How is due diligence conducted? The administration of Bader, through LBA, will provide all support for the due diligence. However, to enhance the learning process and the investment decision, angel investors are encouraged to participate in the process, within their time availability. How is LBA run? LBA is run by a manager appointed by Bader. How is LBA funded? LBA is funded by the administrative fee paid by every member. Each individual member pays an administrative fee of $3,000 per year. Corporations pay a fee of $5,000 per year.

WHAT ARE THE BENEFITS FOR PROSPECTIVE ENTREPRENEURS?

Receive capital to develop their project/venture Get free 6-month incubation at Berytech Receive support (mentorship, networking) to develop their project/venture

HOW CAN I SUBMIT MY PROJECT?

Initial criteria Projects submitted should meet all of the following criteria: Project/venture is based in Lebanon (there is no restrictions on the sectors of activity) Project/venture should be in a startup/early stage of development Project/venture has a compelling value proposition, high added value, and/or an innovative/creative product or service Project/venture has the potential for regional and international reach

Process for project application Please submit your executive summary of NO MORE THAN FIVE PAGES (including attachments, appendices and exhibits), which contains information on the subjects identified below. Materials beyond the five-page limit will not be reviewed or considered. The list below is not intended to suggest any particular order of information, but rather the entrepreneur should consider the arrangement best suited for describing his/her company.

Submission content The Company - History, including accomplishments to date - Mission Product(s)/Services - Description of product(s)/services - Ownership - Development stage - Timing of, and process to, commercialization - Unique attributes and opportunities Market - Size and definition - Industry trends - Needs for product(s)/services Customers - Sales/distribution plan - Necessary partnerships and status Competition - Comparative analysis, including key features and benefits - Competitive advantage/market differentiators - Barriers to entry for competitors and company Management - Experience of all senior management, including previous start-ups - Previous experience working together - Needs/key vacancies - Board of Directors - Advisors Financials - Founder’s investment - Fully-diluted capitalization table (i.e., including options, warrants, and debt) - Summary projected financials (one and three to five years) - Funding needs for this round and subsequent rounds - Use of funds - Exit strategy and timing - Business milestones for next six months and next two years

Submission process Applicants must submit their executive summaries directly to angel@baderlebanon.com. All executive summaries fitting the LBA criteria are considered for presentation at the screening committee. The screening committee will consider all filed and completed submissions and will inform selected companies before scheduling a meeting. Non-selected companies will also be informed and will receive standardized feedback from the screening committee. Selected companies must agree to coaching in preparation for their presentation at the member investment meeting. Coaching sessions will be scheduled at the time of selection notification. Materials for Member Investment Meeting Selected companies must give a PowerPoint or equivalent presentation of no more than 15 minutes in length, followed by a five- to-seven-minute Q&A period. Copies of the presentation must be provided to members at the investment meeting. Companies may offer other materials at the member investment meeting. Space will be made available for a company display or demonstration immediately prior to, during, and after the investment meeting. Neither investment solicitation nor commitment will be made at the member investment meeting. Any questions should be directed to angel@baderlebanon.com

Frequently asked questions What is an angel investor? An angel investor is an individual who makes direct investments of personal funds into a venture, typically early-stage businesses. Because the capital is being invested at a risky time in a business venture, the angel must be capable of taking a loss of the entire investment, and, as such, most angel investors are high-net-worth individuals. What is an angel group? An angel group is a formal or informal assemblage of active angel investors who cooperate in some part of the investment process. Key characteristic of an angel group is the collaboration by member angels in the investment process. Why should I consider Angel investment? LBA brings more than just equity financing. On a case per case basis, we can bring support discussing your progress, or helping you solve problems. We can also use of our network to introduce you to clients or vendors. Do I have to pay a fee to present my idea/venture? No. LBA does not charge a fee for entrepreneurs to present their idea/venture. What's the typical size of an investment? It depends on the project/venture presented and the attractiveness to the investors. A broad investment range would be between $50,000 and $500,000. Do you look at opportunities based outside Lebanon? No. How do I contact LBA? The best way to contact us is by email: angel@baderlebanon.com. What is your selection process? It all starts with you sending us an executive summary of NO MORE THAN FIVE PAGES (including attachments, appendices and exhibits). We review the files on a regular basis to select the projects that most likely would have the best fit with LBA criteria, objectives, and capabilities. and the projects which pass our pre-screening will be invited for a dry-run with a small group. . A small group of our members then meets with the project’s management for a practice 30-minute presentation and 15-minute Q&A session. Those projects that would likely receive the most favorable response from the overall membership are invited to present at our next investment meeting. What happens after the investment meeting? If there is sufficient interest in making an investment, two or more Angel will take the lead on the due diligence process, which typically takes at least four weeks. If a deal is reached, there will continuous interaction between the now funded project and LBA membership.