Mid-Missouri Energy, LLC Bulletin Board Rules
The following rules shall apply to and govern the use of the bulletin board and any transaction consummated using the Mid-Missouri Energy bulletin board ("Bulletin Board").
(a) All applicable state and federal securities laws (including the anti-fraud and anti-manipulation provisions) apply to any interest posted or transaction consummated using the bulletin board.
(b) Any person that is a broker-dealer, an associated person of a broker-dealer, or who has a state securities license is responsible for identifying that fact.
(c) "Two-sided postings" in which a person indicates an interest to buy at one price and an interest to sell at another price are prohibited.
(d) Multiple postings by the same person at the same time are prohibited. Persons may only have a single posting at any one time.
(e) The registration requirements of the federal, state and foreign securities laws apply to all offers to sell or purchases and sales consummated through the Bulletin Board, in the absence of an available exemption from registration. Persons utilizing the Bulletin Board must make their own determination of whether an exemption from such registration requirements are available.
(f) All postings over ninety (90) days old will be removed without notice. Persons may request an earlier removal of their posting, provided no postings may be removed earlier than thirty (30) days following the date posted. No person may re-enter a posting onto the Bulletin Board for at least sixty (60) days after the removal of the person's earlier posting (unless such removal is due to the consummation of a transaction relating to such earlier posting).
(g) All transactions consummated using the Bulletin Board must be executed by the parties thereto independently of Mid-Missouri Energy, LLC or any of its affiliates.
(h) All transactions consummated using the Bulletin Board must otherwise comply with this Rules and Procedures for the Transfer of Membership Units including the General Requirements to Transfer Units set forth in Article 3 hereof. Upon consummation of the transaction using the Bulletin Board, the applicable posting will be removed from the Bulletin Board.
(i) The Company will report the purchase price per unit and number of units purchased on all purchase and sale transactions approved by the Board of Directors. Names of the parties to the purchase and sale transactions will NOT be reported.
(j) By use of the Bulletin Board, users of the Bulletin Board agree to indemnify, defend and hold harmless the Company and its officers, directors, employees, and agents from any and all claims of any kind arising out of participation with or Units appearing on the Bulletin Board.
(k) Posting of an interest to sell or an interest to buy does not represent a firm offer to sell or offer to purchase.
(l) The Company may deny posting by any person for any reason in its discretion, provided that the Company is under no obligation to conduct any due diligence or investigation into the persons posting an interest on the Bulletin Board.