Welcome to the Northern Lights Chapter’s 2011 Annual Meeting Review 2010 Annual Meeting Minutes – Barry Detloff Recognition of Board Members Voting of directors Treasurer’s Report – John Larva Classes Held in 2011 Upcoming Classes BI Open House Tour Investment Club Awards Let’s Talk Stocks Break for Lunch Networking: Formationand Good Health of an Investment Club

Chapter Board Members Directors Barry Detloff Secretary Bob Burns Claire Struthers President David Hendrickson Web Author Gayle M. Olson Jeff Hay Model Club John Larva Treasurer Rich Yeager Term Expires

Associate Directors Byron Anderson Lynn Dyer Butch Lang

Chapter Board Members & Volunteers Board Member Open Term Expires 2013 Volunteers Martha Simms Alice Bresnahan Rod Bacheller Jane Ekholm

Voting of directors Director Dianne Rauenhorst Bob Burns Claire Struthers David Hendrickson Gayle M. Olson Jeff Hay John Larva Rich Yeager Term Expires

Treasurer’s Report John Larva - Treasurer

Classes in 2011 September - October, 2010: Stock Analysis by Barry Detloff December, 2010: Club Accounting by Doug Gerlach January- March, 2011: Stock Analysis by Barry Detloff February, 2011: Due Diligence by Ken Peters April, 2011: Great Plains BIRC July, 2011: Mutual Funds Teach the Teach by Allen Holdsworth

Upcoming Classes October 25: Northern Lights Model Investment Club October 29: Portfolio Management – Rochester, MN November 12: Education Day – Bloomington, MN November 19: Stock Selection Guide – Walker, MN March 31, 2012: Education Day – Albert Lea, MN April 28, 2012: Mutual Funds Class

BI Open House Tour Adam Ritt - Director of Communications, BetterInvesting 711 W. 13 Mile Road Madison Heights, MI (248) Our Doors Are Always Open: Sample Our Unbiased Investment Education

Investment Club Awards Investment Club Representatives are welcome to discuss their club for two minutes

BetterInvesting Northern Lights Chapter Investment Club Award is hereby granted to: Fem Financiers for 25 years of investment club operations Awarded: October 15, 2011 Claire Struthers, President, Northern Lights Chapter

BetterInvesting Northern Lights Chapter Investment Club Award is hereby granted to: Mn I C E for 15 years of investment club operations Awarded: October 15, 2011 Claire Struthers, President, Northern Lights Chapter

BetterInvesting Northern Lights Chapter Investment Club Award is hereby granted to: University Investors for 50 years of investment club operations Awarded: October 15, 2011 Claire Struthers, President, Northern Lights Chapter

BetterInvesting Northern Lights Chapter Investment Club Award is hereby granted to: Wise Women Investing in Stock Exchange for 15 years of investment club operations Awarded: October 15, 2011 Claire Struthers, President, Northern Lights Chapter

BetterInvesting Northern Lights Chapter Investment Club Award is hereby granted to: Mid-Management Investments Partners for 30 years of investment club operations Awarded: October 15, 2011 Claire Struthers, President, Northern Lights Chapter

BetterInvesting Northern Lights Chapter Investment Club Award is hereby granted to: Rags to Riches Investors for 10 years of investment club operations Awarded: October 16, 2010 Claire Struthers, President, Northern Lights Chapter

Let’s Talk Stocks! We’ll use the remainder of the hour to review two stock studies conducted by Byron Anderson and Butch Lang

Thank You! Please remember to complete the survey at the end of the session. We hope to see you at the Model Club Meeting and upcoming classes!