Security Traders Association of Chicago C/O Gidley Management Group

“Management delegated - the company contracts with daniela diaz to provide general administrative functions and oversight on the recordkeeping the company.”

“Section 1. The membership in the organization shall consist of four classes: active, life, associate and honorary.”

“SECTION 2.”

“Any person shall be active membership in the organization who is employed by a broker, dealer, financial institution,exchange or other trading related business(subject to board approval) located in the chicagoland investment community and is employed in some capacity that directly supports the trading of securities and who has served in such capacity for a period of not less than one year (however, the one year requirement can be waived at the discretion of the membership committee). A membership can become void at the end of the fiscal year during which the member ceases to be active in the securities committee in the chicagoland investment community except as explained in section 4, or with approval from the investment community. Section 3. Active membership in this organization shall be election by the board of directors upon written application. Sponshorship by two members in good standing and with the approval of the membership committee. Section 4. Life membership in the organization shall be appointment of the board of directors. Any retired member of the security traders association of chicago after 20 years of membership and extraordinary service to the organization (as determined by the board of directors)may be eligible for the life membership. Upon acceptance and approval of the board of directors, the member will not be assessed dues and will be term a life member in good standing. If a life member returns to the security business, life membership must cease and and he/she must reinstate their active membership. If a life member desires membership in the security traders association, he/she will be charged accordingly. Section 5. Retired membership in the organization shall be by appointment of the boardof directors. Any retired member of the security traders association or chicago after 20 years of membership may submit in writing a request for retired membership. Upon acceptance and approval by the board of directors, the member will be assessed dues equal to 50% of current active member dues and will be termed a retired member in good standing. If a retired member returns to the security business, retired membership will cease and he/she must reinstate their active membership. If a retired member desires membership in the security traders association, he/she will be charged accordingly. Section 6. Associate membership in the organization shall be by election of the board of directors. Any person who is engaged as a trader or a floor broker for any broker, financial institution or securities firm either in or outside of the chicagoland investment community is elgible for associate membership after review by the membership community. Membership shall be based on a flexible number agreed upon by the officer and directors on a fiscal year basis,never to exceed 49% of the regular membership. Such members are entitled to all of the privileges of the organization, except the right to vote or hold office. Section 7. Honorary membership shall be conferred on individuals by the board of directors. Section 8. The membership of the organization shall be unlimited in number.”

“Election of members - every year on or before september 15, each member of the board of directors shall recommend one active member as a candidate for the nominating committe. Not more than one employee of a firm shall be eligible for the nominating committee during the same term. The general membership will vote for appointment to the nominating committee by selecting 7 of the 16 candidates submitted.”

“Process to review form 990 - the board retains the services of an independent cpa firm to prepare the organization's 990. The president of the board reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing. The governing body is provided a reasonable amount of time to review the return and ask questions directly directly to the president or the contact at the independent cpa firm prior to filing.”

“Enforcement of conflicts policy - board members are annually required to complete a conflict of interest disclosure statement as a precursor to their service to the organization. Potential conflicts are logged and monitored by the secretary of the board.”

“Compensation process for top officers - management duties normally performed by ceo, executive director or top managment official are performed by non-compensated board members.”

“Governing documents disclosure explanation - governing documents are available on the organization's website, the conflict of interest policy and financial statements are available upon written request to the organization.”

“Members only event 11775. 11775. 0. 0.”

“Midwinter meeting 402970. 402970. 0. 0.”

“Poker 38244. 38244. 0. 0.”

“Admin expenses 315. 0. 315. 0.”

“Admin food and beverage 1522. 0. 1522. 0.”

“Admin misc expense 1397. 0. 1397. 0.”

“Board expenses 3304. 3304.”

“SECURITY 1244. 1244.”

“WEBSITE 1859. 1859.”

“TELEPHONE 125. 125.”

“PRINTING 132. 132.”

“TAXES 2534. 2534.”